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   738

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.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1025

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”