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March 19, 2024 - Australia and New Zealand Banking Group (ANZ) has implemented CobaltFX's Dynamic Credit platform to manage credit exposure for FX trades on interbank trading venues.
By adopting the platform, ANZ demonstrates its commitment to a real-time, centralised FX credit management system that manages multiple trading venues from a single global limit set, using dynamic distribution of credit availability. ANZ joins a growing group of institutions seeking improved control, efficiency, and an alternative to traditional market access methods.
David Thorne, ANZ Head of eFICC Europe and North America
"This new approach to credit management has helped eliminate carve-outs as well as reduce credit usage while improving our market access. This capability benefits our customers, counterparties, and the bank," said David Thorne, ANZ Head of eFICC Europe and North America.
Darren Coote, CEO, CobaltFX
"It's a pleasure to welcome ANZ to the CobaltFX community of market leaders who are dedicated to transforming the nature of the FX market by reducing risk and enhancing market access for all," commented Darren Coote, CEO of CobaltFX.
CobaltFX, a subsidiary of United Fintech, is a leading provider of fully automated pre and post trade infrastructure that enables global financial institutions to access deeper liquidity while deploying less credit and minimising operational risk. The company continues to enhance its platform, focusing on ways to streamline market access and reduce risk for all members of the group.
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