Press Release

Cobalt and 4OTC Partner for Digital Asset and FX Market Connectivity

23 February 2020 – London 

Cobalt, the FX and Digital Asset infrastructure provider, and 4OTC, the FinTech provider of connectivity services for Digital Assets and FX, today announced that Cobalt is using 4OTC’s 1API to connect with market data in the Digital Asset and FX Markets. This provides Cobalt with increased access to market data venues, whilst streamlining data management and reducing the time taken to connect with new venues.

London-based 4OTC provides technology to address the challenges of OTC trading desks in the FX and Digital Asset markets. 4OTC’s 1API delivers low latency, highly scalable and secure connectivity for banks, market makers and buy-side trading firms. The new service connects to multiple liquidity providers and venues in Digital Assets and FX markets.

As institutions look to expand into Digital Assets, the lack of institutional ready infrastructure for market data, matching, credit and collateral management is a hurdle to adoption and efficiency. Technologies provided by Cobalt and 4OTC allow clients to transition between FX and digital assets to maximise efficiency and profit.

Darren Coote, CEO of Cobalt, commented: “Since our expansion into Digital Assets last year, we have been pursuing partnerships that can grow our offering across both the Digital Assets and FX markets. We are pleased to be working with 4OTC, receiving a high-quality data feed consisting of FX and Digital Assets market data ensures we can provide a market-leading platform and infrastructure to our client base allowing them to navigate and connect between both markets without disruption.”

Alexis Atkinson, Founder of 4OTC, commented: “In today’s fragmented FX and digital assets markets, low latency connectivity services are vital. This is a key focus for 4OTC. Recognising the need for firms to connect to multiple venues and liquidity providers quickly, speed of onboarding is a crucial differentiator for our service, where we typically have clients and venues up and running in a matter of hours.“

“We are delighted to work with Cobalt as they expand their innovative market leading services and look forward to continuing this partnership.”

About 4OTC

4OTC is a London-based FinTech, providing technology to address the challenges faced by OTC trading desks and Brokers in the Digital Asset and FX markets. Its products streamline connectivity in markets with a large number of venues and liquidity providers, all with different APIs and, for crypto markets, often inefficient JSON protocols.

Its first product, called 1API, manages connectivity for market data and execution. Liquidity in the FX market is already highly fragmented and as the trading of Digital Assets becomes increasingly institutionalised this market is expected to grow exponentially. This is expected to result in new trading venues being established, thereby increasing market fragmentation.

www.4otc.com