BTM updates FX platform

The bank began implementing Cognotec’s AutoDeal+ solution in July and is currently testing the system, said Kenichi Nakao, senior manager in the foreign exchange and treasury division of BTM in Tokyo. BTM is updating to Auto Deal+ from Cognotec’s older AutoDeal Lite system, which went live at the bank in May 2001.

"The new product will have better functionality and will offer a better service level to our customers," said Nakao. New features include a function called multi-line trade, he add