About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

IHS Markit Deal with Cobalt Delivers Innovative Post-Trade FX Service

Subscribe to our newsletter

IHS Markit is heralding a transformation in foreign exchange (FX) infrastructure following a tie-up with blockchain start-up Cobalt. The partners have integrated MarkitServ with the Cobalt platform, and trade data is already flowing from customers and trading venues via MarkitSERV to the platform. As part of the deal, which plans to accelerate delivery of innovative post-trade FX services, IHS Markit has invested in Cobalt.

The shared post-trade infrastructure provided by MarkitSERV and Cobalt is designed to replace legacy technology and manual processes, and bring increased efficiency and reduced operational risk to the FX market.

Chris Leaver, managing director and head of FX at MarkitSERV, says: “This collaboration marks the start of a major transformation in FX infrastructure. The majority of the FX industry is already integrated with the MarkitSERV network and we now offer the community turnkey access to the Cobalt platform and the opportunity to radically streamline post-trade workflows. This partnership is a natural extension of MarkitSERV’s core strategy of centralising and normalising post-trade processing across all asset classes.”

The alliance unites MarkitSERV’s global network of over 800 FX counterparties and venues with Cobalt’s platform, which is based on a combination of shared ledger and low latency technology, and delivers a single, shared, immutable record for each trade, freeing up back and middle office resources from multiple layers of reconciliation.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

4 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and...

BLOG

ION Enhances XTP Risk JANUS with AI to Improve Pre-Trade Margin Accuracy

ION has incorporated artificial intelligence into its XTP Risk JANUS platform to improve the accuracy and efficiency of pre-trade risk management for cleared derivatives. The enhancement targets a key challenge in margin estimation using CME Group’s SPAN2 Approximation model. SPAN2 is a margin methodology developed by CME that assesses the worst-case losses of futures and...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...