The asset class has not standardized and centralized post-trade infrastructure.
There are opportunities for commercial collaboration and product development.
Cobalt uses a combination of shared ledger and low latency technology.
Keys are to standardize and automate, IHS Markit notes.
Barriers remain to integrating cross-border settlement in the region.
CLSNet is the first global FX market enterprise application running on blockchain in production.
FX options, spots and forwards will migrate to TradeServ in the first half of 2019.
Danish kroner has been added to the pan-European settlement platform.
The French bank will introduce agility, automation and machine learning.