RBC Pilots Cognotec's AutoDeal For FX

TECHNOLOGY SPOTLIGHT

TORONTO--RBC Dominion Securities (RBC-DS) is currently piloting Cognotec's AutoDeal remote trading system for its FX group in Toronto, say RBC-DS officials.

AutoDeal has been in beta tests for several weeks, says David Gibbins, co-head of global FX in the global markets group of RBC-DS, the investment banking division of the Royal Bank of Canada.

RBC-DS's decision to use AutoDeal was met "with great external interest" by its global corporate and consumer clients.

This prompted the bank to phas