Cobalt Partners with 4OTC
Posted by Colin Lambert. Last updated: February 23, 2021
FX and digital asset infrastructure provider Cobalt says it has connected 4OTC’s 1API to take market data in FX and digital asset markets.
The deal provides Cobalt with increased access to market data venues, whilst streamlining data management and reducing the time taken to connect with new venues, the firms say.
London-based 4OTC provides technology to address the challenges of OTC trading desks in the FX and digital asset markets – its 1API delivers low latency, scalable and secure connectivity for market participants and connects to multiple liquidity providers and venues.
The firms argue that as institutions look to expand into digital assets, the lack of institutional grade infrastructure for market data, matching, credit and collateral management is a hurdle to adoption and efficiency. Technologies provided by Cobalt and 4OTC allow clients to transition between FX and Digital Assets to maximise efficiency and profit, they add.
“Since our expansion into digital assets last year, we have been pursuing partnerships that can grow our offering across both the digital assets and FX markets,” explains Darren Coote, CEO of Cobalt. “Receiving a high-quality data feed consisting of FX and digital assets market data ensures we can provide a market-leading platform and infrastructure to our client base allowing them to navigate and connect between both markets without disruption.”
Alexis Atkinson, founder of 4OTC, adds, “In today’s fragmented FX and digital assets markets, low latency connectivity services are vital. This is a key focus for 4OTC. Recognising the need for firms to connect to multiple venues and liquidity providers quickly, speed of onboarding is a crucial differentiator for our service, where we typically have clients and venues up and running in a matter of hours.“