Cobalt Partners with Spotex to Provide Dynamic Credit Solution

​Cobalt, a leading FX and Digital Asset risk and settlement infrastructure provider, announced that it has partnered with Spotex, a foreign exchange technology and liquidity solutions provider, to provide clients with dynamic credit management tools.

The partnership offers clients of Spotex's FX electronic communication network (ECN) access to Cobalt's Risk Hub, which provides centralised management of real-time updates of exposure and credit risk.    

By providing a solution to the overallocation of credit, the Cobalt and Spotex partnership directly addresses ongoing pressure points in the FX markets. Both companies alleviate the risks of legacy technology while protecting clients' exposure by providing automated monitoring solutions.

Darren Coote, CEO of Cobalt said:“As today's FX markets continue to evolve, new technology is needed to solve old problems with credit management front and centre. Our work with Spotex in consolidating our dynamic credit offering is doing precisely that. Through the partnership, we are able to deliver our suite of real-time automated credit management and monitoring tools to more market participants at a time where transformation is gathering speed.”

John Miesner, Spotex CEO said:“Credit runs at the very heart of our markets – but often, the details of managing credit opens up too much risk and unwanted exposure for banks and intermediaries. With Cobalt, we are able to provide our FX clients with a complete real-time picture of their risk. Through our low-latency technology, we are providing banks and financial institutions with a very tangible solution for the age-old credit problems in FX.”