Cobalt Extends Partnership with 4OTC
Posted by Colin Lambert. Last updated: June 15, 2021
Risk and settlement infrastructure provider Cobalt has extended its partnership with connectivity firm 4OTC to use the latter’s new TicketLounge service to capture and normalise post trade data onto a single FIX API.
TicketLounge is 4OTC’s second product launch this year following the launch in February of 1API to connect with market data in the digital asset and FX markets – a product also deployed by Cobalt.
TicketLounge enables post trade automation by providing an infrastructure that utilises redundant, multi-regional, connectivity to major FX ECNs and digital asset exchanges. It supports digital assets, FX spot, forwards, swaps, NDFs and NDF swaps and has full support for all regulatory fields. It operates in London, New York and Tokyo, and it is certified against all major FX ECNs.
“TicketLounge delivers the same benefits for STP as our 1API service does for market data and execution,” says Alexis Atkinson, co-founder of 4OTC. “TicketLounge provides a single API for receiving STP tickets, across all significant venues, for FX and digital assets. By delivering a back office process using front office technology, including the same low latency components used for market data and trading, we ensure that tickets are delivered to their end destination as fast as possible.”
Darren Coote, CEO of Cobalt, adds, “4OTC provides a wealth of experience in both FX and digital assets. Importantly 4OTC has demonstrated on multiple occasions the ability to deliver on time and to aggressive timelines, making them the ideal partner as we expand our footprint in FX post-trade while providing a market-ready network for institutional Digital Asset trading. This partnership enables us to provide full venue coverage and an unrivalled suite of post-trade services for our customers.”