JP Morgan partners with Cognotec

JPMorgan has announced that it has selected Cognotec as its technology partner in delivering White Label foreign exchange (FX) e-commerce solutions and related market making services to the global financial marketplace.

July, 2004

JPMorgan has announced that it has selected Cognotec as its technology partner in delivering White Label foreign exchange (FX) e-commerce solutions and related market making services to the global financial marketplace. The Cognotec White Label solution will enable JPMorgan to supply its financial institution clients with their own custom branded foreign exchange e-commerce platform. The multi-product, multi-language service is fully secure and enables JPMorgans White Label financial institution clients to provide a global 24 hour seamless and sophisticated FX offering to their own customers by leveraging Cognotecs technology.

John Beckert<br><br>President of Cognotec International, said: We are pleased to be working with JPMorgan to introduce a differentiated, next generation solution for this expanding segment of the market. As the cost of participation at the wholesale end of the business increases, we expect the number of banks looking to leverage the inherent advantages of White Label service to continue growing at an accelerated rate.