FX market round up: Cognotec partners with Saxo
Cognotec, an FX trading solutions provider, has formed a partnership with Saxo Bank. As a result, Saxo will stream liquidity to Cognotec’s RealStream Margin trading platform, which Cognotec developed specifically to target what it calls the professional retail market. In a press release, Brian Maccaba, Cognotec’s chief executive, said: "We are delighted to partner with a progressive bank such as Saxo Bank with its depth of FX experience, and particularly their leading profile in the professional retail trading market."
According to Lars Seier Christensen, Saxo’s co-founder and joint chief executive, the deal could provide Saxo with wider distribution. "With this new venture, we are effectively growing our client base even more and extending our global presence further and wider, by joining forces with another leading FX technology provider," he said.