Cinnober Extends Clearing Capabilities, Launching New Subsidiary
- A new subsidiary is being launched that will help promote the group's real-time clearing capabilities.
Cinnober, a provider of 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 and real-time clearing technology to market operators, clearinghouses, banks, and brokers has opted to expand its business segmentation, culminating in the establishment of operations in a separate company, per a Cinnober statement.
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The decision was reached by the Board of Cinnober, which opted to develop its sales business of real-time clearing technology and services to large international banks, i.e. client clearing. As such, Cinnober will be transferring select rights to its technology suite to a subsidiary, which will further commercialize the offering.
In particular, the new subsidiary powered by Cinnober’s technology will cater to banks and their respective clientele, whereby utilizing its exchange and clearinghouses services to bolster Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term across several markets. The divergence of the technology to the new subsidiary is important as it will help enable more efficient use of capital, whereby bringing improved operational efficiencies.
Patrik Enblad
In terms of leadership, the board of the new subsidiary will be composed of Veronica Augustsson and Thomas Bendixen, each of whom are the respective CEO and General Counsel of Cinnober’s parent company – furthermore, Board Member of the parent company Patrik Enblad will be appointed as Chairman of the new subsidiary.
“The new subsidiary will operate as a separate entity with its own employees and its first mission is to develop and refine the business plan. I look forward to contributing actively to the task of taking a world-leading technology – one that has already proven itself in the exchange technology business – to the banking industry. Much of the groundwork has been done, although some further development and customization may be needed. An important task now is to recruit a CEO with the ability to capture this opportunity and take this offering to the market,” explained Mr. Enblad, the subsidiary’s Chairman.
Cinnober, a provider of 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 and real-time clearing technology to market operators, clearinghouses, banks, and brokers has opted to expand its business segmentation, culminating in the establishment of operations in a separate company, per a Cinnober statement.
Don't miss your last chance to sign up for the FM London Summit. Register here!
The decision was reached by the Board of Cinnober, which opted to develop its sales business of real-time clearing technology and services to large international banks, i.e. client clearing. As such, Cinnober will be transferring select rights to its technology suite to a subsidiary, which will further commercialize the offering.
In particular, the new subsidiary powered by Cinnober’s technology will cater to banks and their respective clientele, whereby utilizing its exchange and clearinghouses services to bolster Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term across several markets. The divergence of the technology to the new subsidiary is important as it will help enable more efficient use of capital, whereby bringing improved operational efficiencies.
Patrik Enblad
In terms of leadership, the board of the new subsidiary will be composed of Veronica Augustsson and Thomas Bendixen, each of whom are the respective CEO and General Counsel of Cinnober’s parent company – furthermore, Board Member of the parent company Patrik Enblad will be appointed as Chairman of the new subsidiary.
“The new subsidiary will operate as a separate entity with its own employees and its first mission is to develop and refine the business plan. I look forward to contributing actively to the task of taking a world-leading technology – one that has already proven itself in the exchange technology business – to the banking industry. Much of the groundwork has been done, although some further development and customization may be needed. An important task now is to recruit a CEO with the ability to capture this opportunity and take this offering to the market,” explained Mr. Enblad, the subsidiary’s Chairman.