ANZ Live on CobaltFX

ANZ has joined BNP Paribas and NatWest in deploying CobaltFX’s Dynamic Credit platform to help it manage credit exposures across the inter-dealer platforms it uses.

The solution provides a real-time, centralised FX credit management system, through connections to multiple venues, thus allowing the trading operation to maximise its credit lines through not having to ‘carve out’ dedicated credit lines for counterparties.

“This new approach to credit management has helped eliminate carve-outs as well as reduce credit usage while improving our market access,” says David Thorne, head of e-FICC, Europe and North America, at ANZ. “This capability benefits our customers, counterparties, and the bank.”

Darren Coote, CEO of CobaltFX adds, “It’s a pleasure to welcome ANZ to the CobaltFX community of market leaders who are dedicated to transforming the nature of the FX market by reducing risk and enhancing market access for all.”