FX news: First Derivatives gets Cognotec
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Foreign Exchange

FX news: First Derivatives gets Cognotec

First Derivatives based in Newry, Northern Ireland, has completed the purchase of Brian Maccaba’s Cognotec Holdings. Barclays called in the receiver two weeks ago when Cognotec broke its covenants regarding a loan of €6.5 million. First Derivatives is reported to have paid €3.4 million for Cognotec.


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