IHS Markit partners Cobalt for post-trade

Cobalt’s platform now connects to MarkitServ’s network of counterparties

Adrian Patten
Adrian Patten: “For too long, FX has been burdened by an ageing, inefficient post-trade environment”

IHS Markit has taken a stake in foreign exchange post-trade processing company Cobalt, in a move that connects its MarkitServ network of more than 800 counterparties and venues to Cobalt’s platform.

The alliance with the major data and analytics company boosts Cobalt’s push to challenge legacy service providers with its shared-ledger and low-latency technology. Terms of the deal, including the size of the IHS Markit stake, have not been disclosed.

Clients of derivatives-processing business

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