Wachovia Bank launches second trading platform

Alicia Rodriguez, director in the currency risk management group at Wachovia in North Carolina, said the bank will migrate clients from its web-based FX trading platform, which is supplied by Irish vendor Cognotec.

But Rodriguez declined to comment on the future of the Cognotec platform, saying only: "We are still in the process of reviewing the final responsibilities of each platform." The bank has used the Cognotec platform for about four years.

A spokesperson for Cognotec in London

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