Built on a highly scalable, low latency platform, Cognotec RealStream – Rate Manager is a standalone product designed to allow financial institutions to efficiently gather rates from multiple sources, and blend them to generate a ‘market’ rate based on their own criteria.
With institution-specific pricing calculations, the technology is able to deliver consistent pricing throughout various price distribution channels, such as branch networks, ECNs, multi-bank platforms and client-facing portals.
With the growth of buy-side eFX trading, the rise of algorithmic trading, new strategies, predatory arbitrageurs and other high volume approaches, financial institutions face an increasingly sophisticated and demanding market, stated Kieran Fitzpatrick, director of strategic solutions for Cognotec.
The challenge for banks is to competitively manage and distribute prices to a range of different electronic trading channels and clients, while protecting their own book in an environment that has experienced significant growth in market challenges. RealStream – Rate Manager is Cognotec’s solution to this new market challenge, he continued.
