7th January 2021 – London
The foreign-exchange (FX) and Digital Asset infrastructure provider Cobalt are today announcing that Standard Chartered has recently gone live on the platform for their Prime Brokerage (PB) and Executing Broking (EB) business.
Back in February 2020, Standard Chartered announced that they had signed as a client of Cobalt and this was followed by their investment in July of 2020. The announcement demonstrates that they have taken the next step in the partnership and are now live on the platform for both their PB and EB businesses.
Over the last few years, the foreign-exchange (FX) post-trade infrastructure provider Cobalt has designed and built a secure 24/7 middle office platform which it is delivering for some of the FX and Crypto market’s largest participants, with Standard Chartered the latest to go-live.
Credit management, in Prime Brokerage businesses in particular, has been widely mismanaged in recent years. As major banks now look to improve their profit margins and manage credit risk correctly, technology like Cobalt’s is leading the way. Available across all market segments, Cobalt clients can monitor their portfolio of positions and risk across all currencies.
This announcement follows the news that Cobalt expanded its business to now include digital assets and is already connecting to the leading digital exchanges, offering full credit and ledger services.