Cinnober aims to provide greater cooperation of fintech industry standards through the launch of their Financial IT Quality Assessment.
Swedish financial solutions provider, Cinnober, is aiming to provide greater cooperation of fintech industry standards through the launch of their Financial IT Quality Assessment (FIQA). Kicking off the initiative in June, Cinnober is inviting fintech industry players to join them in a Working Group in London to begin working on creating the framework for new standards. According to Cinnober, the need for the initiative comes as they believe the quality of financial industry IT has suffered, with exchange and company specific system outages as examples of the problem.
The initial proposals of FIQA will focus on initiatives for national exchanges, Cinnober’s target market. Explaining their goals, Cinnober stated in the public release of FIQA that they want to create a standard “help stakeholders in the financial industry achieve the best possible operational quality at the optimal cost, and provide tools to minimize and mitigate errors”. They believe that once in place, it will allow companies to gain an easier method to measure performance of Execution and how counterparties and third party vendors are operating.
The initiative is similar to a proposed framework of aggregation best practices that was floated by interbroker ICAP for its EBS electronic FX platform unit. Like that program, where EBS hoped to use is its internal experience to create standards for pricing aggregators that would benefit Liquidity takers and providers, Cinnober’s FIQA could potentially bring advantages to traders and exchanges that rely on financial technology to unite the market.
Speaking about the program, Veronica Augustsson, CEO of Cinnober stated “As financial markets have become increasingly global, intertwined and complex, awareness of system quality should be more important than ever.” She added that “If the financial IT eco system – system vendors, buyers and users – pulls together on this, we will be able to increase transparency on quality and costs, and buyers will be able to ensure system quality matches their requirements. But in the end it’s really about improving the functioning of financial markets and eliminating the repeated system failures that erode confidence.”
Swedish financial solutions provider, Cinnober, is aiming to provide greater cooperation of fintech industry standards through the launch of their Financial IT Quality Assessment (FIQA). Kicking off the initiative in June, Cinnober is inviting fintech industry players to join them in a Working Group in London to begin working on creating the framework for new standards. According to Cinnober, the need for the initiative comes as they believe the quality of financial industry IT has suffered, with exchange and company specific system outages as examples of the problem.
The initial proposals of FIQA will focus on initiatives for national exchanges, Cinnober’s target market. Explaining their goals, Cinnober stated in the public release of FIQA that they want to create a standard “help stakeholders in the financial industry achieve the best possible operational quality at the optimal cost, and provide tools to minimize and mitigate errors”. They believe that once in place, it will allow companies to gain an easier method to measure performance of Execution and how counterparties and third party vendors are operating.
The initiative is similar to a proposed framework of aggregation best practices that was floated by interbroker ICAP for its EBS electronic FX platform unit. Like that program, where EBS hoped to use is its internal experience to create standards for pricing aggregators that would benefit Liquidity takers and providers, Cinnober’s FIQA could potentially bring advantages to traders and exchanges that rely on financial technology to unite the market.
Speaking about the program, Veronica Augustsson, CEO of Cinnober stated “As financial markets have become increasingly global, intertwined and complex, awareness of system quality should be more important than ever.” She added that “If the financial IT eco system – system vendors, buyers and users – pulls together on this, we will be able to increase transparency on quality and costs, and buyers will be able to ensure system quality matches their requirements. But in the end it’s really about improving the functioning of financial markets and eliminating the repeated system failures that erode confidence.”
Unlimit Jumps into Indian Payments Arena, Clinches RBI Approval
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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