Cognotec and Bloomberg Offer FX Pricing and Execution Product
Bloomberg and Cognotec, a provider of foreign exchange dealing solutions, are about to launch an FX price discovery and execution solution. Buy side clients looking for FX pricing and execution will be able to use the Bloomberg Professional platform to connect to many banks’ e-commerce pricing engines provided by Cognotec. Bloomberg and Cognotec have been working together since last year and have already introduced a phase-one service deployment. This phase allows Bloomberg clients to customize requests for streaming bank-attributed FX prices delivered from banks’ e-commerce platforms. Several banks are live on the phase-one service as part of a controlled introduction, with a number of banks in the deployment pipeline.