Cobalt unveils credit-management platform
Credit providers can see exposures in real time
Shared back- and middle-office foreign exchange infrastructure provider Cobalt has unveiled a credit-management platform that significantly reduces risk for FX market participants, as it allows for centralised and real-time checks and adjustments.
FX prime brokers (FXPBs) have been grappling with increased risk, as the possibility of suffering a major loss from a single client defaulting has failed to justify returns due to their inability to allocate and manage credit on platforms in real time
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