Cobalt brings middle-office platform to the digital asset market
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London-based foreign-exchange post-trade infrastructure provider Cobalt has built a 24/7 middle office platform. The company will now be bringing its credit FX solutions to the digital asset market. Cobalt is connecting to digital exchanges on behalf of clients and offering full credit and ledger services for all currencies and digital assets.
Adrian Patten Chairman and Co-founder of Cobalt said, “The rise of digital assets has gone from strength to strength in the past years and has moved from being an asset traded on the periphery, to being at the forefront of FX participant plans.”
“Participants today can no longer ignore the position of digital assets in the market and those who do are in danger of missing out on sizeable trading opportunities due to the 24/7 nature of the market. Major exchanges have started to translate this to the FX market, with some offering trading over the weekends. 24/7 operability has always been a priority to Cobalt. As digital assets continue their rise and influence over the FX market, participants are going to need to adapt to new ways of doing business.”
Cobalt’s clients are able to see their full portfolio of positions and risk across both fiat currencies and digital assets, available to clients across all segments. The company stated that its solution is fully compliant with the FX Global Code and Tier 1 financial participants information security and regulatory requirements. Cobalt also recently appointed Aiyana Currie as the Head of North American Sales.
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