Standard Chartered makes investment in Cognotec

Cognotec, a Dublin-based foreign exchange and money market e-trading system provider, said it has secured a $14.5 million investment, two-thirds of which will be provided by FinVentures, the private equity arm of Standard Chartered Bank. The rest will come from existing investors.

London-based Standard Chartered is one of the 68 banks using Cognotec’s trading technology.

Cognotec said it will use the investment to fund its expansion in the markets in which Standard Chartered operates, including Asia, Africa, the Middle East and Latin America. FinVentures will become a minority shareholder and join Cognotec’s board.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here