First commercial DL solution to handle 1.4bn daily transactions
Digital ledger technology will be front and centre of the post-trade battleground
By joining their respective strengths, financial technology firm Cobalt DL and distributed ledger specialist SETL are creating the first large-scale commercial post-trade FX solution based on distributed ledger technology, capable of handling some 1.4 billion transactions a day.
Cobalt's platform, which is designed to work effortlessly with all trading venues, will launch in 2017, with 15 institutional FX participants already committed to it.
By creating a single and shared view of each FX
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