Cognotec, a developer of online foreign exchange dealing applications, has launched Market Rate Manager, an application designed to minimise rate risk - where losses occur when the underlying rate is off the market rate.

The application gathers rates from multiple rate feeds and blends them to the user bank's criteria. A bank can apply its own pricing calculations in order to ensure consistent pricing through its price distribution channels, including the branch network, multi-bank FX platforms and web portals.