DZ Bank Taps AutoDeal+ for FX Service


FRANKFURT—DZ Bank has gone live with the AutoDeal+ solution from Cognotec for a nascent online foreign exchange (FX) trading service, officials tell DWT.

The Frankfurt-based bank is a new client of Cognotec, the Dublin-based vendor of FX and money market trading solutions. DZ Bank is currently using the service to deliver real-time FX prices to its German Volksbanken client base, which are smaller local banks.

"We chose Cognotec at the beginning of 2005 after studying several competitors in the FX

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