Bloomberg Launches FXdeal, Targeting Institutions; System To Be Run By Cognotec

AUTOMATED TRADING

BLOOMBERG has launched a foreign exchange trading service through its terminals. The service is designed to give institutional investors and corporate treasuries trading access to executable market quotes, offered by a range of international banks. The value-added service--offered to Bloomberg customers at no extra charge--enables traders to buy and sell currencies through their terminals, with no telephone or paper transactions at the front end.

The service is called FXdeal, and is the resul

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