FX is a high speed, high throughput market, and Solace plays a mission-critical role by guaranteeing the rapid, reliable delivery of massive amounts of information.”
Cobalt’s solution combines best-of-breed technologies to create a robust, cost-effective post-trade processing service. Solace enables the fast, efficient, guaranteed delivery of information, acting as a buffer for high rates of inbound messages.
Cobalt selected Solace’s advanced event broker technology for its unique ability to guarantee the delivery of very large volumes of messages while protecting downstream systems from high burst rates during periods of exceptional market volume and volatility.
Cobalt, which aims to reduce the cost, risk and complexity of Foreign Exchange post-trade processing, is using Solace to facilitate the event-driven flow of information by leveraging blockchain-inspired distributed ledger technology.