Coote has been working as a Strategic Adviser to the post-trade services provider since January
Cobalt, a post-trade services provider to the foreign exchange (FX) market, announced the appointment of Darren Coote as Managing Director this Monday. Having started his career with Standard Chartered in the early 1980s, Coote has been in the FX industry for over thirty years.
He has already been working with Cobalt for nine months. As Finance Magnates reported earlier in the year, Coote joined the financial technology firm as a Strategic Advisor back in January.
His appointment as a Managing Director to the firm this week comes as Cobalt attempts to expand its business. Currently, more than twenty different institutions, including Citadel Securities and XTX Markets, have signed up to receive its services as and when they go live.
That, the firm claims, frees up “back and middle office resources from multiple layers of reconciliation.” On top of this, Cobalt’s service manages risk and prepares trades for final settlement.
“Cobalt is a unique solution which solves an urgent need for participants by creating a shared FX post-trade back office utility, significantly reducing risk and cost by 80%.” Said Coote, “I’m excited to play a key role in Cobalt’s development as we prepare to go live this year and reengineer the FX market from the ground up.”
Given the plethora of firms who are, as we speak, desperately shoving the word blockchain into their service offering, Cobalt is something of a breath of fresh air. No vacuous claims of ‘decentralisation’ and no screeching about Bitcoin changing the world.
Instead, the firm actually appears to be putting blockchain technology to practical use. All of the blockchain bullshitters should take note.
Cobalt, a post-trade services provider to the foreign exchange (FX) market, announced the appointment of Darren Coote as Managing Director this Monday. Having started his career with Standard Chartered in the early 1980s, Coote has been in the FX industry for over thirty years.
He has already been working with Cobalt for nine months. As Finance Magnates reported earlier in the year, Coote joined the financial technology firm as a Strategic Advisor back in January.
His appointment as a Managing Director to the firm this week comes as Cobalt attempts to expand its business. Currently, more than twenty different institutions, including Citadel Securities and XTX Markets, have signed up to receive its services as and when they go live.
That, the firm claims, frees up “back and middle office resources from multiple layers of reconciliation.” On top of this, Cobalt’s service manages risk and prepares trades for final settlement.
“Cobalt is a unique solution which solves an urgent need for participants by creating a shared FX post-trade back office utility, significantly reducing risk and cost by 80%.” Said Coote, “I’m excited to play a key role in Cobalt’s development as we prepare to go live this year and reengineer the FX market from the ground up.”
Given the plethora of firms who are, as we speak, desperately shoving the word blockchain into their service offering, Cobalt is something of a breath of fresh air. No vacuous claims of ‘decentralisation’ and no screeching about Bitcoin changing the world.
Instead, the firm actually appears to be putting blockchain technology to practical use. All of the blockchain bullshitters should take note.
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
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🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!
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🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!