The Commonwealth Bank of Australia is to distribute foreign exchange prices via multi-bank portal FXall in addition to its existing automated currency pricing and execution distribution channel delivered by the Cognotec AutoDeal Lite service.
The Australian bank is using Cognotec's FXall Connect API to provide the link to the bank-backed corporate currency trading system.
Peter Coad, head of trading and product management at Commonwealth Bank, comments: "We're committed to building our business around an excellence of execution model. It's not good enough to be able to quote a rate. More than ever our clients demand speed, keen pricing, and seamless connectivity across our suite of FX products."