Post-trade automation solutions provider CobaltFX, a United Fintech portfolio company, has announced that Australia and New Zealand Banking Group (ANZ) has joined CobaltFX’s Dynamic Credit platform, to manage credit exposure for FX trades on interbank trading venues.
ANZ’s adoption of the platform demonstrates their view on the importance of a real-time, centralised FX credit management system, managing multiple trading venues from a single central global limit set, using dynamic distribution of credit availability. ANZ is the latest among a group of forward-thinking institutions seeking greater control, efficiency, and an alternative to outdated market access methods.
