NYSE Integrates Cinnober for Its Regulatory Technology Provisions

The NYSE Group has announced that its NYSE Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term operations has selected Cinnober for its technology provisions as it looks to expand its market surveillance and enforcement program for its exchanges.

NYSE Group is slated to provide enforcement and oversight for its three equity exchanges and two options exchanges, pending the finality of its contract with Financial Industry Regulation Authority (FINRA) on December 31, 2015.

While FINRA will ultimately retain certain cross-market surveillance functions, albeit in a mitigated role, NYSE Regulation will be relying on Cinnober for its development and launch of its fortified surveillance system.

Cinnober is a financial Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term for some of the world's leading exchanges and clearing houses, having partnered deals with the London Metal Exchange (LME) and Johannesburg Stock Exchange (JSE) earlier this year.

According to Michael Grecoff, Head of Sales, Market Surveillance Systems at Cinnober, in a statement on the partnership, “We are very happy to work with NYSE Regulation to build and deploy a state-of-the-art multi-market trade surveillance system.”

“Exchanges are the ultimate gatekeepers with a mandate to ensure market integrity. The Cinnober Surveillance system will play a very important role in assisting NYSE with its duty to the markets,” Mr. Grecoff added.