Tech briefs

StanChart takes Cognotec's Market Rate Manager

Standard Chartered Bank has gone live with the Market Rate Manager (MRM) currency pricing tool from Irish technology vendor Cognotec at four locations. About 80 FX dealers started using MRM in London, New York, Hong Kong and Singapore on May 24.

The tool, which is designed to provide a single market rate to feed into multiple dealing channels, could also be rolled to the bank's offices in Dubai, India, Thailand, Malaysia and Korea over the next 12 months, said a bank spokesperson in Singapore.

Misys launches Treasury ASP

Misys Wholesale Banking Systems has released the first product to emerge from its partnership with multi-bank FX trading portal Currenex. Misys Treasury links the Misys CMS confirmation service with Currenex for executing FX trades, and also supplies a link to Misys' standard settlement instructions database.

Later this year, Misys plans to add cash management and payments services powered by technology from the Misys Opics software for treasury, derivatives and capital markets. Misys Treasury will operate on an application service provider (ASP) basis, with access through a single portal, to reduce the infrastructure, hardware and software costs of treasury management systems.

SG installs Ordertools

SG Corporate & Investment Banking (SG CIB) has taken a component of Trader Tool's STPlatform to enhance its FX ordering system for institutional clients.

The New York-based vendor has installed Ordertools in SG CIB's New York, London and Sydney branches, covering spot, forwards and futures orders. Jay Green, head of e-commerce at SG CIB in New York, said the database replication facility enables the team to pass the order book seamlessly between offices.

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