Former Deutsche Bank Exec Backs Cobalt

Post-trade shared ledger platform receives an investment from former senior banker

The platform creates a shared back-office environment for reconciling and settling FX trades.

The investment, which closed on August 3, was made through Ritchotte’s RitMir Ventures, which focuses on backing products and services using disruptive technology driven business models. 

Cobalt co-founder Adrian Patten says the investment will be used to shore up the infrastructure needs of the firm as it prepares to roll out its platform later this year.

“The technology is ready and we’re just waiting for final contracts with clients,” Patten, who declined to reveal the size of the

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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