Bitcoin Newsroom Articles
Citi has invested in Cobalt DL, an FX post-
Cobalt DL has begun a beta test for its private peer-
Cobalt DL designed the technology to integrate seamlessly with all trading sources and venues, offering immediate efficiency benefits, which has been shown to deliver a significant cost reduction compared to existing infrastructure.
FX Faces Numerous Costs
FX market participants typically incur multiple license fees, ticketing charges, IT overheads and staff costs on account of the complexity of existing structures.
From a single transaction, existing infrastructure provides multiple trade records for buyer, seller, broker, clearer and third parties. In developing a single, shared view of a transaction, Cobalt DL frees up the back and middle office resources that are typically overwhelmed by having to manage continuous reconciliation across multiple systems.
“We have been impressed with the way Cobalt DL is redesigning the post-
Also read: Financial market infrastructures cite progress, concerns with blockchain technology
Cobalt DL Gains New Talent
Charlotte Crosswell, former Nasdaq NLX CEO, has joined Cobalt DL as a strategic advisor with a focus on strategic partnerships.
“I am delighted to be joining Cobalt DL at such an exciting time for the company
and the industry,” Crosswell said. “With continued scrutiny on efficiencies within
the FX post-
“We have set out to radically improve the FX post-