HVB automates dealing conversations

HVB Group, the second largest private-sector bank in Germany, has bought CityNet's Conversation Checker for its London branch, enabling it to record conversational deal information between traders on Reuters' foreign exchange trading network.

HVB is the third bank to install the new technology to eliminate the risks of conversational dealing in FX and money market trading desks. The technology searches for all deal information from a variety of trading platforms and automatically feeds the deals in to the bank's deal confirmation and matching systems.

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