Nord/LB has picked independent investment research provider, Morningstar, as its preferred provider of snapshot FX and precious metal data, Finextra reports. Morningstar’s Real-Time Data allows the German state-owned commercial bank to calculate accurate prices that are vital for its community members. Nord/LB gets snapshots every 10 minutes for about 100 FX and money market values for use within their calculation application. The application then automatically evaluates derived FX and precious metals prices and lets nearly 80 German savings banks access these values once a day for the production of daily literature related to the sector.
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