Global custodian Investors Bank & Trust is to use Cognotec's AutoDeal Lite product to deliver Internet-based currency dealing to its clients.
The bank's INVESTORSFXä service offers market pricing, instant hard copy confirmations, historical trade records, block trade allocation dispersion and file download capability.
"These attributes, along with the efficiencies and straight-through capability of the Cognotec product, provide considerable added value to our client base," says John Nalesnik, senior director, FX group manager at Investors Bank .