Cinnober to provide ASX with new trading system

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Feb 11, 2015 at 5:00 PM

Australia’s major equities and derivatives markets will adopt a common technology platform architecture The Australian Securities Exchange (ASX) has now announced that it has selected Cinnober for a major upgrade to its trading technology. Cinnober’s state-of-the -art TRADExpress Trading System (http://www.cinnober.com/tradexpress-trading -system) will replace ASX’s equities and derivatives systems with a common, multi-currency, multi-asset class solution. The new ASX trading system, when built on Cinnober’s highly flexible and functionality-rich platform, will be easily extended and highly scalable, and will facilitate cost-efficient operations and fast time-to-market for new products and services. “Consolidating ASX’s current trading technologies onto a common platform architecture will drive efficiencies and positive synergies for both our customers and the exchange," says Tim Thurman, Chief Information Officer of ASX. "A major project like this requires a partner with a strong track record across a range of markets. This solution will give ASX greater flexibility and allow us to add functions and services faster. We look forward to building a strong partnership with Cinnober.” ASX (http://www.asx.com.au/) is one of the world’s leading exchange groups, offering a full suite of services that includes listing, trading, clearing and settlement, across a wide range of asset classes. Using the best available technology and delivering the right solutions to its clients are priorities for the exchange. ASX is the first major financial market to open each day, and its markets rank consistently in the top ten in the world. “Winning ASX in fierce competition is a terrific way to kick off the year,” comments Cinnober’s CEO, Veronica Augustsson. “We have demonstrated that our solution is best able to quickly fulfill the needs of ASX, both in terms of functional scope and quality. ASX presents us with yet another challenging technology project at one of the largest exchanges in the world, which we are looking forward to as we build a long and positive relationship.” Cinnober is a world-leading and independent supplier of financial technology to marketplaces and clearinghouses. Customers include major exchanges with extreme demands on reliability and performance, such as BM&FBOVESPA, Deutsche Börse, Dubai Gold & Commodities Exchange, Euronext, Johannesburg Stock Exchange, the London Metal Exchange, LME Clear, NYSE and the Stock Exchange of Thailand. For further information or discussion, please contact: Fredrik Backlund Head of Corporate Communications Cinnober Financial Technology Tel. +46-73 403 12 39 fredrik.backlund@cinnober.com Matthew Gibbs General Manager, Media and Communications ASX Group Tel. +61 2 9227 0218 matthew.gibbs@asx.com.au About Cinnober Financial Technology Cinnober provides solutions and services to leading trading and clearing venues, including exchanges, clearinghouses, banks and brokers. Cinnober’s solutions are largely based on the TRADExpress™ Platform, incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance. Cinnober’s customers include BM&FBOVESPA, Deutsche Börse, Dubai Gold & Commodities Exchange, Eurex, Euronext, Johannesburg Stock Exchange, London Metal Exchange, LME Clear and Stock Exchange of Thailand. Cinnober is listed on First North in Stockholm, with Avanza as Certified Advisor. For additional information, please visit www.cinnober.com

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Duke Energy Braces for Isaias: Key Prep Steps Ahead

Brace Yourself: Duke Energy Gears Up for Isaias In the ever-unpredictable game of Mother Nature versus infrastructure, Duke Energy is stepping into the ring once more, readying to tackle potential outages across the Carolinas as Hurricane Isaias edges near. Listen, if there's one thing I've learned over years of watching these weather events unfold on the stock ticker and...

Navigating Career Growth Beyond Job Titles at Webinar

Hasn't it ever struck you that job titles often fence people in like some unwanted corral, keeping potential tightly leashed? Well, here's something that might shake up your thoughts a tad. University of Phoenix is teeing up a webinar titled "Beyond The Job Title: Finding Purpose and Recognizing the Value You Bring." Scheduled for October 15, 2026, this is all about...

Chianti Classico Showcases 2027 Vintages in Florence

A Grand Reunion of the Black Rooster You're not just sipping wine at a garden party—you're diving into a historic event. Come March 1-2, 2027, Florence will again host the much-anticipated Chianti Classico Collection, uniting over 200 eager producers under the iconic vaults of Stazione Leopolda. This isn't just another stop on the wine circuit; it's a pilgrimage to the...

BETR Faces Securities Fraud Actions Post-Misleading Statements

Unpacking the Legal Drama Around BETR The tale of Better Home & Finance Holding Company (BETR) is like a roadside crash you can't help but stare at. We're talking big, ugly losses and a chance for investors who got roughed up to throw some punches back with a securities fraud class action. The legal honchos at Howard G. Smith's law office are rallying the troops. If...

CenterPoint Deploys Crews for Hurricane Aid Relief

CenterPoint’s Commitment Amidst Crisis Now, when a hurricane slams into the coast, it’s go time for everyone in the game. CenterPoint Energy, never one to sit on the sidelines, is showing up with a hefty squad to help fix the mess left by Hurricane Isaias. A robust 355-strong team is heading out to assist with power restoration down there in Florida. This isn’t just...

Greenberg Traurig Nabs Major Award for Sukuk Deal

Legal brands winning awards might seem like just another day in the office, but when a firm like Greenberg Traurig snags the Impact Deal of the Year at the IFLR Middle East Awards, it deserves more than just a shrug. We're talking about a serious feather in the cap for their Capital Markets team, who played a key role in launching Binghatti's hefty USD 1.5 billion Sukuk...

FlyQuest & Von Dutch Link Gaming, Fashion Again

Breaking Down Barriers in Fashion and Gaming In a world full of unlikely matches, the partnership between FlyQuest and Von Dutch is one that's catching serious eyeballs. FlyQuest, an esports powerhouse, has teamed up once more with the iconic fashion brand Von Dutch to launch "The Workman Collection." This ain't just about slapping logos on t-shirts and calling it a...

TKO's Bold $2B All-Cash Move for SVC's Hotels

TKO's Big, Bold Bid: What Does it Mean? In the crazy world of high-stakes hospitality investments, there are moments that turn heads. TKO's $2 billion all-cash offer to snag Service Properties Trust's prized hotel portfolio is exactly one of those shake-ups. Let's not sugarcoat it; this is a bold move to the big leagues, and it's not without its quirks. A Cash-Infused...

A Shot at Adventure Without Opening Your Wallet Let me tell you, Korea's got a way of sweeping folks off their feet with a little something for everyone—from a foodie’s paradise to history buff heaven. The Korea Tourism Organization's (KTO) New York Office is lighting up the stage with a slick offer: enter a quiz on their website and you might just be jetting off to...

Phoenix Scholar Examines AI and Institutional Trust

A Thoughtful Look at Trust and Technology We're staring at an issue here that dives deep into the guts of how technology, AI in particular, is reshaping our professional landscape. The latest issue of the Phoenix Scholar, a publication from the University of Phoenix College of Doctoral Studies, is tackling big questions. It's that kind of brainy reading where you untangle...