Nasdaq (Nasdaq: NDAQ), a global provider of trading, clearing, exchange technology, listing, information and public company services, acquired Cinnober (Nasdaq First North: CINN), a Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide, for USD$190m.
The acquisition will enhance the ability to serve market infrastructure operators worldwide, and accelerate the ability to expand into new growth segments.
Led by Nils-Robert Persson, co-founder and Chairman of the Board of Directors, Cinnober provides solutions and services to trading and clearing venues, including exchanges, clearinghouses, banks and brokers.
Its solutions – based on the TRADExpress™ Platform – include price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and market surveillance.
Customers include the Asia Pacific Exchange, Australian Securities Exchange, B3, Dubai Gold & Commodities Exchange, Euronext, Japan Exchange Group, Johannesburg Stock Exchange, the London Metal Exchange, LME Clear, NYSE and the Stock Exchange of Thailand, among others.
Led by Adena Friedman, President and CEO, Nasdaq is a global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision using proven technologies that provide transparency and insight for navigating today’s global capital markets.
Its technology is used by 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators in over 50 countries.
FinSMEs
19/09/2018