24Exchange has launched live FX swaps trading on its platform, supported by the integration of CobaltFX’s Dynamic Credit process. The new setup introduces real-time credit management to FX swaps, aimed at improving capital efficiency and reducing operational and settlement risk.
CobaltFX, part of United Fintech, provides infrastructure for credit and post-trade processes. Its Dynamic Credit model enables institutions to pre-set credit relationships and allocate credit in real time, based on current trading activity.
United Fintech states in a press release that “With CobaltFX’s technology, credit exposure is managed dynamically, meaning traders can seamlessly access deeper liquidity pools and execute larger trades with reduced counterparty risk.” FX swaps markets have traditionally been constrained by credit and operational inefficiencies. By managing credit centrally and dynamically, the new setup allows institutions to make better use of existing credit lines, while also cutting down on manual processes and potential delays.
Broader trend
The move reflects a broader industry shift toward real-time risk management and post-trade automation. As FX markets continue to evolve, tools like Dynamic Credit are gaining attention for their potential to address long-standing friction in trade processing and credit intermediation.
