“This new approach to credit management has helped eliminate carve-outs as well as reduce credit usage while improving our market access. This capability benefits our customers, counterparties, and the bank.”
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CobaltFX introduces a new Trade Notification Network (TNN) to provide a robust alternative for post-trade messaging in the FX market, addressing systemic risks posed by Single Points of Failure (SPoF).
“CobaltFX’s Dynamic Credit technology ensures that for less credit deployed, there is more liquidity, administrative simplification and, essentially, superior market access control – the latter being a key factor for financial institutions around the world.”
“We believe both opportunities are huge and should be pursued, but not under the same banner. While FX and DA are similar in many ways, and likely to merge in the future, the two industries are currently at very different maturity stages of their evolution, largely operating independently and therefore requiring different approaches to be successful on their own. Hence the spin-off of Cobalt’s DA product as part of a bigger United Fintech play in this area; we’re very excited to announce this later in Q2.”
United Fintech, a London-based start-up looking to buy a slate of capital markets fintechs, has acquired a 100% stake in post-trade infrastructure provider, Cobalt.
“The partnership provides an enterprise solution for digital assets to interact with traditional FX counterparties with roles throughout the execution lifecycle – custody, execution, clearing, and settlement – clearly defined”
Cobalt and its clients can leverage a single FIX API to connect risk management systems, execution venues, asset custodians, clearing mechanisms, and settlement services.
Solace, a leading provider of financial data movement, has announced that the fintech firm, Cobalt, is using its PubSub+ platform for its own platform which is used to deliver services and streaming to its clients.
While institutional demand for digital assets has become a reality within the trading industry, the future of the cryptocurrency ecosystem is still unknown as a wide number of top officials still regard Bitcoin et al as having no intrinsic value.
The overallocation of credit is one of the ongoing pressure points in the FX markets. The solution protects clients’ exposure by providing automated monitoring solutions.
The executive reshuffle will see Netdania CEO Rasmus Bagger becoming CCO of United Fintech; while Athena CEO Luis Otero takes the role of CTO; Marc Levin becomes CEO of Athena; Troels O. Lindblad moves to CFO; Elizabeth Missfeld appointed Chief of Staff; Darren Coote returns to the role of CEO of CobaltFX, and George Govier-Rosenvold as CCO of Netdania.
Celebrating its 12th year, the global broker, OctaFX, has compiled financial milestones and their potential implications for investors in 2023 and 2024.
In recent times, Tesla has encountered a noticeable decline in its stock valuation. This dip follows a significant drop in mid-July, as Tesla shares plummeted from $293 per share on July 18 to $260 per share on July 21. This downward trend has persisted, with the stock price now resting at $251. Nevertheless, a positive change seems to be on the horizon, as the price has displayed a slight uptick.
By Anoushka Rayner, Head of Growth Commodities, Paxos.
By Anoushka Rayner, Head of Growth, Commodities, Paxos.
The blockchain and cybersecurity consultancy eSignus has finished the integration of the Ardor, Ignis and Nxt protocols into the hardware wallet HASHWallet Link.
The Bermuda government has awarded a new affiliate of 24 Exchange, the OTC platform backed by Fastmatch founder Dmitri Galinov, a formal license under their Digital Assets Business Act of 2018 (DABA).
The platform features personalized dashboards, advanced analytics, and on-demand reporting capabilities that help general partner clients transform data into actionable insights, address complex limited partner demands, and competitively position their firms to understand what drives fund performance.
“Russell, Mark and I have a shared goal of providing best in class infrastructure for OTC markets, where there is a significant change in the FX market in particular, in part driven by the increased adoption and usage of Digital Assets such as Bitcoin”, said Alexis Atkinson, Co-Founder at 4OTC.