Originally designed as an information system, later versions also introduced trading functions, allowing orders to be placed on a number of electronic exchanges and with other dealing desks.
This was provided on-site via a proprietary and often redundant hardware installation, such as Reuters Market Data System (RMDS) or Triarch.
The flexible Kobra client software allowed for a variety of real-time and historic market data visualizations and custom analytics.
It went on to become the de facto platform on traders' desks in banks and financial institutions due to the breadth of the information available, despite the significant cost and dedicated infrastructure required.
It inherited a lot of design features such as much of the user interface from those earlier systems that were developed in the late 1980s and early 1990s.