NatWest Markets Live with Cobalt

NatWest Markets has gone live with Cobalt’s trade compression service Finality for its client trades.

The service helps to achieve a reduction in the volume of trades required for settlement and downstream processing, in turn reducing the burden on technology, by supporting both the netting and aggregation of trades across a number of configurable parameters including per value date and currency pair.

NatWest joins Citi, Deutsche Bank, Standard Chartered and XTX Markets as clients of Cobalt, and Marcus Butt, global head of prime services at the bank, says, “We’re building the infrastructure to help our customers thrive. We’re delighted to now be using Cobalt’s Finality trade compression service to reduce the volume of trades for downstream processing.”