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