Cobalt announces Beta Testing of FX Credit Platform

A foreign exchange software provider Cobalt has emitted a new low latency credit management platform
27 June 2018   484

As claimed in official statement today, the platform will diminish the risk for FX traders. It applies advanced technology to control credit and associated market access rules throughout the trade lifecycle in real-time. 

The service was created in order to overcome a credit shortage in the market. The number of credit providers has shrunk over the last few years as they go on suffering losses due to defaulting customers. This can mostly be explained by the fact that credit could not be found in real time and “the party with the credit risk is often the last to know.” The new service suggests central real-time credit management as a way to overcome this problem.

Cobalt guarantees a messaging speed of over one hundred via messages per second, that is possible because it is placed geographically close to major execution venues. It can handle customer reactions to unpredictable events because “it can be pushed dynamically to clients and trading venues in real-time.” This is important because such developments can cause millions of dollars to be lost.

Electronic trading has evolved beyond recognition over recent years, and it’s now critical that credit management catches up. Centralised low latency credit management is the future for the global FX markets and we look forward to leading the charge in creating a more efficient, orderly future for all participants.
Andy Coyne,
Co-Founder, CEO, Cobalt

Cobalt is a firm that applies distributed ledger technology for foreign exchange trading to become more secure and streamlined. Cobalt BlueSky is one product that it offers. It notarizes, encrypts and securely stores foreign exchange contracts. The new platform is presently being beta tested and should be acceptable later this year.

Waves Keeper to be Available at Chrome Web Store

Extension allows to confirm transactions online without providing confidential information to third-party resources
19 November 2018   42

The developers of the Waves blockchain platform have released the previously announced browser extension Waves Keeper to securely sign of transactions.

Team said that the extension allows to confirm transactions online without providing confidential information to third-party resources and the need to enter a private key. Also, several accounts can be used in Waves Keeper.

The major benefit is that private keys are stored securely within the extension, allowing the user to confirm transactions and engage with Waves-enabled web services and dApps without entering their private keys or passwords. This mitigates the threat from malicious websites, while making using Waves online frictionless.

Waves Team

The extension is already available in the Chrome Web Store. Over time, the developers have promised to release versions of Waves Keeper for Firefox and other popular browsers.