Cobalt Announces Beta Testing of FX Credit Management Platform

[kreslik.news]

Cobalt, a foreign exchange software provider, has released a new low latency credit management platform.

According to an official press release dated today, the platform will reduce risk for FX traders. It uses advanced technology to control credit and associated market access rules throughout the trade lifecycle in real-time.

The service was developed to overcome a credit shortage in the market. The number of credit providers has shrunk over the last few years because they continue to suffer losses due to defaulting customers. This is largely because credit could not be found in real time and “the party with the credit risk ... (read more)