24 Exchange partners with Cobalt

In an industry first, 24 Exchange (24X) is offering dynamic credit management to participants on its multi-asset trading platform via Cobalt, the FX and Digital Asset infrastructure provider.

February, 2021

Dmitri Galinov
Dmitri Galinov

Risk Hub, Cobalt’s credit management system, is now available to clients of 24 Exchange’s Non-Deliverable Forward (NDF) and FX Spot offerings, and will extend to FX Swaps when they launch later this month.

“The lifeblood of the FX market is interbank credit,” explains Dmitri Galinov, Founder and CEO of 24 Exchange. “But the over-allocation of credit on third-party platforms can make it difficult for banks and credit intermediaries to have a complete, real-time picture of their risk, thereby creating unwanted exposure. Cobalt’s dynamic credit offering solves this problem.” Real-time updates of exposure and credit risk can be managed centrally on Cobalt’s Risk Hub, extending credit to third party platforms such as 24 Exchange.