Cobalt Prepares for 2017 Distributed-Ledger Platform Release

The platform, now running in a beta environment, promises to reduce post-trade costs in the FX market.

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Andy Coyne, CEO of Cobalt DL

Andy Coyne, CEO of Cobalt DL, tells WatersTechnology that the platform is currently running in a beta environment, while several FX market participants have already agreed to use the service when it officially launches in 2017.

Coyne says Colbat DL was formed a year ago out of the need to address the major issues the FX market is facing, especially in the post-trade area.

"We spent some time with financial institutions discussing how we could address the cost base and risk," says Coyne. "And

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