SGX invests in Cobalt

Asian exchange’s investment reinforces those made by Citi and others over the past two years

Andy Coyne, co-founder, Cobalt
Andy Coyne: the former chief executive of Traiana co-founded Cobalt with Adrian Patten

Singapore Exchange has made an undisclosed investment in technology firm Cobalt, which operates an FX post-trade processing network, based on shared infrastructure and digital-ledger technology.

SGX is one of Asia’s largest providers of listed FX trading, with more than one million futures contracts traded every month, two-thirds of which involve the rupee and the remainder the renminbi.

The exchange’s investment will be instrumental to Cobalt’s expansion in the FX space, enabling it to expand

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