Dynamic Credit

CobaltFX enhances FX credit management through its Dynamic Credit solution, which mutualises FX credit management and post-trade infrastructure, replacing fragmented bilateral systems with a centralised and automated shared layer. The United Fintech product provides a unified institutional framework for managing credit exposure across the global foreign exchange ecosystem. Financial institutions benefit from a shared network that delivers real-time visibility of credit utilisation and available capacity across participants. By mutualising credit infrastructure, institutions can allocate capacity more efficiently, optimise liquidity use, and help mitigate operational risk in FX settlement. To explore more, visit the CobaltFX Dynamic Credit product page.

Included product features in CobaltFX Dynamic Credit are automated exposure management, margin control, and credit distribution across trading channels. Together, they support a transparent, compliant, and risk-managed credit framework for modern FX operations. Within Dynamic Credit are Dynamic ECNs and Dynamic DNs. Dynamic ECNs continuously monitor exposure and available limits, ensuring trades are executed only when credit conditions are met, and automatically rejecting orders that exceed thresholds across connected venues. Dynamic DNs extend the CobaltFX shared credit model to direct trading relationships, providing a single interface for margin rules, exposure limits, and utilisation tracking, with automated allocation, instant updates, and full audit trails. To explore more, visit the CobaltFX Dynamic Credit product page.

CobaltFX Optimisation, another United Fintech product, improves post-trade efficiency by automating FX multilateral netting and settlement, helping institutions compress exposure, improve liquidity, and enhance post-trade efficiency across global markets. Its shared, real-time ledger synchronises data across connected systems, so every participant can operate from the same verified record. Through continuous matching and netting, CobaltFX Optimisation identifies offsetting trades across participants, currencies, and instruments, helping reduce settlement volumes and associated risk, cutting payment volumes, lowering exposure, and improving liquidity efficiency. Learn more about CobaltFX Optimisation.

The CobaltFX Post-Trade Solutions by United Fintech, delivers automated FX trade processing and reconciliation through a shared, real-time infrastructure. By standardising data across foreign exchange workflows, the product helps reduce cost, latency, and risk. The result is near-straight-through processing (STP) and a transparent, unified environment for institutional FX operations. From execution to settlement, CobaltFX Post-Trade Solutions automate validation, synchronisation, and lifecycle management for FX transactions. By mutualising post-trade infrastructure, market participants share a single, verified record of every trade, helping reduce mismatches, reconciliation breaks, and latency. For more information, visit the CobaltFX Post-Trade Solutions product page.

CobaltFX Connectivity provides the network and data infrastructure for the FX market, linking ECNs, liquidity providers, and counterparties through standardised APIs and secure messaging. As the backbone of the CobaltFX infrastructure, it integrates FX trade, credit, and settlement data into a continuous, real-time message flow, enabling institutions to exchange verified data instantly and securely. ECN Messaging and the Trade Notification Network (TNN) handle real-time data exchange between trading venues and participants, and broadcast instant trade, credit, and settlement notifications across the network respectively. For further details, visit the CobaltFX Connectivity product page.

The Trade Notification Network (TNN) serves as CobaltFX's broadcast layer, delivering real-time event updates to authorised participants. It timestamps, logs, and audits messages for transparency and compliance. By helping every institution operate on synchronised data, TNN reduces version discrepancies and supports trust in the shared FX infrastructure. Learn more about CobaltFX Trade Notification Network (TNN).