London, February 11, 2021
Cobalt, a multi award-winning provider of risk and settlement infrastructure, announced today its partnership with EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and development services, to create the first institutional-grade FIX gateway for the digital asset markets—providing connectivity to over 50 digital asset exchanges and market makers. The new service will allow market participants to trade safely, reduce market risk and achieve secure, real-time settlement.
With institutional investors increasingly looking to enter the digital asset market, and with expanding regulatory oversight, the new service will offer connectivity, pricing and pre-trade credit checks for market participants. The service will also provide Cobalt’s post-trade services—powered by its centralized credit and collateral service—which is a part of Cobalt’s Risk Hub.