Cinnober Signs Agreement with Major Exchange to Conduct Major Design Study

Cinnober Financial Technology, a provider of mission-critical solutions and services to major trading and clearing venues, including exchanges, announced today that it has signed an agreement with a major international Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term group to conduct a comprehensive design study for utilising its technology for real-time clearing for listed derivatives, including a complete CSD system (Central Security Depository).

The latest customer was announced earlier this year when Japan Exchange Group chose Cinnober to deliver real-time clearing for its derivatives market and an additional cross-asset risk monitoring solution for the entire national market for Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, bonds, futures, options, CDS and IRS.

Technology for real-time clearing

Cinnober is a supplier of financial technology to marketplaces and clearinghouses which Finance Magnates last reported on in May when it released its Q1 2016 financial metrics.

Its customers include major exchanges with extreme demands on reliability and performance, such as BM&FBOVESPA, LME Clear, DGCX, NYSE, Euronext and JSE.

Veronica Augustsson, CEO of Cinnober, commented: “We’re the inventor of real-time clearing and for the past five years we’ve been the completely dominant supplier to the global community of clearinghouses. This is a natural step for us as we broaden our offerings along the value chain. CSD technology is as outdated as clearing technology and we are looking forward to revolutionizing this arena too.”