Cobalt is a multi-award winning financial technology start-up focused on re-engineering the institutional FX market from the ground up.
Post-trade infrastructure in FX is aging, inefficient and unfit for today’s market. It relies on cumbersome, manual processes and aged technology which pose significant operational and systemic risk to the FX market.
This is exemplified by huge amounts of unnecessary replication. A single trade creates multiple records for all parties, introducing inconsistencies throughout lifecycle events.
Cobalt takes a fresh approach to financial infrastructure and has been developed to replace aged current middle and back office systems which are disorderly, inefficient, risk-laden and costly.