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Cinnober selected for major design study

First Published 18th July 2016

Cinnober has signed an agreement with an international exchange group to conduct a comprehensive design study for utilizing Cinnober's technology for real-time clearing for listed derivatives as well as a complete CSD system (Central Security Depository). Cinnober has been selected to commence work while conducting a full design study that should be completed in December.

Cinnober has provided clearing and risk management solutions to exchanges and clearinghouses, such as Brazilian BM&FBOVESPA, the British LME Clear, DGCX in Dubai, and the South African JSE. Earlier this year Japan Exchange Group chose Cinnober to deliver real-time clearing for its derivatives market and an additional cross-asset risk monitoring solution for equities, bonds, futures, options, CDS and IRS.