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The Banker awards Cognotec excellence

3rd June 2003, London; Cognotec has been Highly Commended by Financial Times magazine The Banker in The Banker Technology Awards 2003. This is the first year of the awards which are designed to recognize innovation and excellence in technical applications and services to the financial services industry.

Cognotec was Highly Commended in the Front Office Trading Technology category for its new AutoDeal+ trading platform, a fully-configurable front-to-back trading solution for financial institutions providing foreign exchange and money markets services.

"The Banker awards are likely to become the benchmark for excellence among solutions providers to the financial community. That Cognotec should rate so highly this year is fantastic news and a tribute to the dedication and talent of our development team," said Brian Maccaba, CEO and founder.

Cognotec was one of the first pioneers of electronic foreign exchange and money market dealing solutions for financial institutions when the company launched its first solution in 1991. In addition, Cognotec was the first provider to enable e-commerce trading solutions. With its extensive client base in over 17 countries Cognotec has recently reported year-on-year growth in transaction volumes of 78 per cent.