Standard Chartered Signs Up To Cobalt
Cobalt, the FX post-trade infrastructure provider Cobalt, has announced that Standard Chartered is the latest client to sign.
Cobalt’s growing client list now includes Citi, Sucden Financial, Deutsche Bank, XTX, Saxo and Standard Chartered.
“Within emerging markets, harmonising and centralising post-trade will mean greater efficiency. Cobalt’s technology solution delivers increased automation, which will allow us to not only realise cost savings but gain crucial credit management efficiencies with our counterparties, which is key for our emerging markets,” said Gareth James, Macro Trading COO at Standard Chartered.
“This latest addition to Cobalt’s network being one of the world’s major emerging market banks, with Standard Chartered, the network is continuing to diversify with the full scope of FX market participants. As the network grows, real-time cost savings will be realised by all our clients, and due to the central management of post-trade our clients can start to layer additional optimisation solutions that will have a positive impact on balance sheet usage,” said Darren Coote, CEO of Cobalt.