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Cobalt Signs with Solace
Open data movement technology provider Solace has announced that Cobalt, which aims to reduce the cost, risk and complexity of FX post-trade processing, is using it to facilitate the event-driven flow of information. Cobalt CEO Andy Coyne, says, “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.” The firms say Cobalt selected Solace 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.

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