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Cinnober looking to tap into treasury

For Cinnober’s CEO Veronica Augustsson, 2017 was all about prepping for MiFID II, sticking to the company’s core services and diversifying. Cinnober implemented its clearing system and real time risk management technology at the Japan Exchange and another exchange in Singapore. It pushed into the post-trade clearing space and launched a new company called Minium. This year, Minium signed its first deal with Marex Spectron, with a goal of going live in 2019. The firm also sold an equity stake in its Irisium market surveillance company to risk management firm KRM22.

“We have a good diversification of clients and in our business model,” Augustsson said.

As the firm branches out, it is looking at new clients in back office departments and beyond. Speaking to JLN at the FIA IDX conference in London, Augustsson said there are new opportunities.

“One area where we are seeing some demand is an area we have not been exposed to before is in the treasury space,” she said. “How can you do that more efficiently?”

Augustsson said bank, brokerage and institutional treasury departments are now moving into more automated processes, an area Cinnober has touched with real time clearing, as well as risk management and reporting.

“Treasury and settlement are where we have seen movement that we have not seen before,” she said.

Produced by Mike Forrester


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Kharouf is a Chicago-based freelance reporter and editor who was previously CEO and editor-in-chief of John Lothian News.