UK FinTech Cobalt selects Solace to boost trading platform

By Megha Bhattacharya

Solace today announced that FX and digital asset infrastructure provider, Cobalt, is using Solace PubSub+ Platform to power the next generation of their trading platform. Cobalt, a London-based FinTech, provides solutions for financial services giants such as Citi, Deutsche Bank, and Standard Chartered. It aims to reduce inefficiencies in post-trade foreign exchange settlement and provides critical risk and data services to the FX market’s leading participants.

Darren Coote, CEO at Cobalt, commented, “Working with Solace has been overwhelmingly positive for the team at Cobalt. Our blue-chip customers demand we develop cutting-edge trading solutions. Across new trading domains, we needed a reliable tech partner to help us build out super-fast and solid modern infrastructures. Doing this with Solace allows our engineering team to focus their valuable time and energy on innovation which keeps Cobalt ahead of the game.”

Recently, security-critical infrastructure provider METACO partnered with FinTech Cobalt in a bid to provide Software as a Service (SaaS) solution for digital asset settlement. The companies aim to combine their capabilities to offer a fully integrated end to end SaaS solution for the storage, limit allocation and intraday settlement of digital assets, with institutional-grade security standards.

Denis King, CEO at Solace, commented, “Companies like Cobalt live and die on the robustness, speed, and reliability of their trade execution and due diligence processes. These requirements are a perfect match for our event-driven architecture platform. In the vast fintech landscape, success often depends on data movement security and speed – and event-driven architecture serves as the backbone to make this happen. We look forward to continuing to support Cobalt in their quest to innovate and improve customer experiences.”