OCC updates legacy clearing system with Cinnober
Options Clearing Corporation freshens up.
Cinnober
UK watchdog investigating Nasdaq’s $190m bid for Cinnober
Competition and Markets Authority checking things out.
Cinnober to be taken over by Nasdaq for $190m
Nasdaq has made a $190 million all cash offer for Swedish trading tech firm Cinnober.
BitGo brings right flow to Cinnober crypto exchange solutions
Will use BitGo’s crypto wallet solution.
Cinnober sells majority stake in Irisium to KRM22
KRM22 buys a 60% stake in Irisium, a subsdiary of trading tech firm Cinnober, for £2.6m in cash.
Japan Exchange Group goes live on Cinnober’s clearing and risk solutions
Launches new clearing system for exchange traded derivatives, based on Cinnober’s tech.
Fintech M&A round-up: 10 May 2017
Say goodbye to long reads with this brief round-up of the latest buys in the fintech world. Features KPMG, Matchi, Ancoa, Cinnober, Valitor, International Payment Services and AltaPay. KPMG has acquired Matchi, a matchmaking platform that connects financial institutions with fintech companies. The pair have worked together since 2015, so the deal “cements” their relationship. […]
World’s first commercial real estate stock exchange signs for Cinnober’s tech
UK-based International Property Securities Exchange (IPSX) is waiting for approval from the Financial Conduct Authority (FCA) and has signed for new trading tech from Cinnober. IPSX describes itself as “the world’s first regulated stock exchange dedicated to trading of commercial property securities”. It needs a recognised investment exchange (RIE) licence from FCA to be able […]
Cinnober sets up real-time clearing subsidiary, looks for CEO
Swedish trading technology specialist Cinnober is spinning off its real-time clearing business into a separate subsidiary. Cinnober currently provides this service – known as “client clearing” – to large international banks and is keen to grow the business.
Japan Exchange Group chooses Cinnober for risk monitoring
Japan Exchange Group (JPX), a financial services corporation, has selected Cinnober for risk monitoring. This will include the entire Japanese market of equities, bonds, futures, options, credit default swap (CDS) and interest rate swap (IRS). This latest deal follows JPX recently building a real-time clearing solution for its listed derivatives market with the help of […]
Japan Exchange Group overhauls clearing platform with Cinnober
Japan Exchange Group (JPX) is building a real-time clearing solution for its listed derivatives market with the help of specialist provider Cinnober. Sweden-based Cinnober is providing JPX with its flagship Tradexpress clearing platform. JPX’s listed derivatives market is operated by the Osaka Securities Exchange (OSE) and cleared by the Japan Securities Clearing Corporation (JSCC). JPX […]
Cinnober issues call to IT industry to restore trust
Exchange technology vendor Cinnober has invited financial IT companies to participate in a new Financial IT Quality Assessment initiative, which is intended to generate a public, industry-wide framework for quality assessment of financial software. The initiative is an attempt to restore shaken confidence in the sector and avoid further regulatory pressure.
Boat to launch APA reporting service for MiFID II transparency
Boat Services, the OTC trade reporting service provider owned by technology vendor Cinnober, plans to introduce a MiFID II compliance solution, offering publication services for all instrument classes. It will apply for authorisation by the FCA in the UK when Approved Publication Arrangement registration is available in 2016.
Euronext prepares for 2015 derivatives launch with LCH. Clearnet
Euronext is planning to launch a new service that would allow derivatives to be reported to Euronext and cleared by LCH. Clearnet. The new service will use the Tradexpress platform built by vendor Cinnober, and is due to go live in spring 2015.
NYSE defends controversial “retrograde” self-regulation plan
Financial market participants have criticised plans for the New York Stock Exchange to begin monitoring itself through its non-profit division, NYSE Regulation, describing the move as a “retrograde step” that will never work in practice. NYSE is currently monitored by FINRA, an independent organisation.
Top frontier markets lure investors with promising returns reports Aite
A sustained rally in frontier markets is leading an expansion of size and liquidity as investors seek opportunities that are not available in the developed or emerging markets, according to a new report by research house Aite.
LME Clear opens for business
The London Metal Exchange has launched its new clearinghouse LME Clear. Built by vendor Cinnober, the system is an important plank of the exchange’s ambitions, which have become more grandiose following its takeover by Hong Kong Exchanges and Clearing at the beginning of 2013.
Brazil overhauls derivatives market
Brazil’s BM&F Bovespa exchange has begun a major new project to bring all of its four clearing houses onto a single technology platform. Billed as the “world’s largest clearing project”, the Brazilian derivatives market – one of the world’s largest – has been moved first.
LME overhauls network architecture
The London Metal Exchange is working with Colt to launch a new dedicated network interconnecting all its systems including the LME Clear clearing service.
Cinnober plots new course for BOAT trade reporting service
Trading technology specialist Cinnober has big plans for BOAT, the trade reporting service it acquired from Markit on 1 July – including new asset classes, a new focus on banks and brokers, and a renewed push at data quality.
Athens Stock Exchange buys surveillance platform
The Athens Stock Exchange has chosen a new surveillance system that it says will help it cope with new European financial regulations, including MiFID II and EMIR.
Johannesburg Exchange revamps clearing and derivatives trading
South Africa’s Johannesburg Stock Exchange has begun a massive overhaul of its clearing and trading systems, which will see its siloed clearing platforms replaced by a single engine from vendor Cinnober and its derivatives market shifted onto the London Stock Exchange’s MilleniumExchange platform.
EMIR will push collateral calls “1000%” – but don’t cry about it …
Market participants need to be sure they understand how their collateral is being handled. They also need to make sure they are ready for EMIR, according to financial executives at the Mondo Visione Exchange Forum this week.
Cinnober seeks students for trainee programme at new Swedish fintech centre
Trading and risk technology specialist Cinnober is investing in a financial IT cluster in northern Sweden, centred on the university town of Umeå and initiating a a one-year trainee programme stating in the autumn.
