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Cognotec named best dealing solution for six years running

26th November 2003, Dublin; Cognotec, the world’s leading provider of foreign exchange dealing solutions, has been named Best Automated Dealing Provider by the global readership of FX Week for the sixth consecutive year.

The FX Week annual Best Banks Survey highlights the leading players in the global foreign exchange industry. For the last six years, the Cognotec AutoDealing range of solutions has seen the company voted number one in the world among dealing solutions providers.

Brian Maccaba, Cognotec CEO and founder says: “Since 1991, we have pioneered cutting edge dealing solutions to the foreign exchange industry. Cognotec was the first to introduce online foreign exchange trading solutions and our latest component-based multi-platform solution, AutoDeal+, continues this evolution. Cognotec has seen trading volumes increase in the last 12 months by 128%, a clear indication that we are meeting our clients' expanding connectivity needs and providing cost-reduction and service-enhancement solutions. We are continuing to reinvest our profits in developing further innovations in AutoDeal technology for the foreign exchange industry.”

WestLB AG Global FX Manager Trevor Cowan comments: "as a long-term client, WestLB has continually benchmarked the Cognotec service against the leading competitive offerings in all global markets. The results of FX Week's poll once again show that Cognotec continues to stay ahead of the curve in anticipating the dealing needs of the FX community, for example in providing connectivity solutions to new electronic markets as they emerge. I would like to congratulate the company on this well-deserved accolade."