SGX invests in Cobalt
Asian exchange’s investment reinforces those made by Citi and others over the past two years
Singapore Exchange has made an undisclosed investment in technology firm Cobalt, which operates an FX post-trade processing network, based on shared infrastructure and digital-ledger technology.
SGX is one of Asia’s largest providers of listed FX trading, with more than one million futures contracts traded every month, two-thirds of which involve the rupee and the remainder the renminbi.
The exchange’s investment will be instrumental to Cobalt’s expansion in the FX space, enabling it to expand
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