New PFE Tool By 360T And CobaltFX Brings Safe And Quick Money Swaps

360T and CobaltFX have introduced a new tool that helps banks trade money quickly and safely. The new tool is called the PFE model, which stands for Potential Future Exposure. The companies said the tool helps banks assess future risks and determine if a trade is safe before proceeding.

The tool works with 360T’s SUN trading platform and CobaltFX’s risk management system. These two tools now communicate with each other. Before this, when a bank wanted to trade, it had to stop and wait for a team to check the risk. The companies said that now, the system checks the risk on its own, allowing the trade to proceed without delays.

Banks Can Now Trade Faster And Safer With The New Risk-Checking Tool

The companies said that this tool helps banks complete trades more quickly. It also reduces stress for the trading teams. Traders no longer need to stop and ask for approval, which means less waiting time. The firms revealed that the tool also ensures that banks follow trading rules and avoid risky decisions.

CobaltFX shared that over 60 banks already use its risk system, and these banks will now benefit from faster and more controlled trades. The company said that the new model will help these banks communicate more effectively, using the same smart tool for risk checks and trade execution.

360T said this new model will encourage more automated trading in the FX swaps market. The firm noted that banks have been waiting for a tool like this for a long time, as risk checks often caused delays during trades. With the new system, the risk is checked ahead of time, so banks don’t need to pause the trading process.

CobaltFX Plans To Provide Innovative Solutions For Its Trading Partners

Sebastian Hofmann-Werther, 360T’s leader, said the company is excited to support banks in improving their trading processes. He noted that the partnership with CobaltFX helped bring the tool to life in a meaningful way. CobaltFX revealed its plan to provide innovative solutions for its trading partners.

Darren Coote, the leader of CobaltFX, said the new tool checks all the necessary factors before a trade is executed. This ensures that banks can feel confident and secure during their transactions. He added that the tool helps banks stay within their set risk limits and avoid any unforeseen issues.

Both companies believe the PFE model sets a new standard for safer and faster trading. They said the tool combines advanced planning, safety, and speed. The idea for the tool came from feedback from banks, and now, it is ready to assist in real-time trading.

As more banks begin using the tool, the companies expect it to strengthen the market. They said that this tool will help banks enjoy quicker, safer trades without the usual delays. The firms also revealed that this is just the beginning, as they plan to continue developing more tools to support the trading industry in the future.