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Tag Archives: Cinnober

A Difference Maker: Post-trade Clearing Tech Now a Differentiator For Firms Blog,Commentary,Feature,Tech / HFT

If today’s markets are traded in milliseconds, why can’t post-trade clearing keep up? ION is addressing that with its XTP clearing solution, a near real-time system it has quietly been rolling out since 2015. Last year the product was adopted by a handful of firms. And this year, ION is hoping to see a larger migration of customers to the new platform, which is considered a major upgrade to its Rolfe & Nolan system. It took ION four years to build the system, creating it on top of ION’s core trading technology. The low-profile firm is stepping out a bit…

From Sports To Business In An International Arena – Veronica Augustsson, Cinnober MarketsWiki Education,MWEd,Video,video

“The financial ecosystem is created by business people and it will be changed by technology. It is with technology that we will make a safer world, a better world, a more efficient world that we can trust even more.” Veronica Augustsson, the CEO of Cinnober Financial Technology, has a background in both computer science and sports and believes that businesspeople can learn from sports, because business is a team sport. One of the things that translates from sports to business is feedback. In sports, when you do something, you instantly learn whether it did or didn’t work, and that’s true…

Don’t Believe Options Traders; Europe’s Volatility Curve Is Getting Kinky Ahead of French Vote; Trump’s dollar paradox promises roller-coaster ride for currencies Newsletter,Options

Observations & Insight January Marketshare via OCC ++++++ On another note, check out what the VIX momentarily did after the Fed yesterday: Here’s a closer breakdown of the action from the CBOE: Time Index Quote 12:59:56 p.m. CT   11.50 1:00:11 p.m. CT      9.97 1:00:26 p.m. CT     11.53 ++++++ CBOE VIX index briefly broke below 10 after Federal Reserve decision Fred Imbert – CNBC Something strange happened to Wall Street’s so-called fear index on Wednesday. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, broke below 10 for less than a minute Wednesday at…

Derivatives ‘Big Bang’ catches market off guard; CME profit jumps 28 pct as trading volumes spike; New Asian marketplace signing for Cinnober’s real-time clearing technology John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Jim Kharouf and I are off to Washington, DC today to pay our respects to the CFTC and attend a “going away” affair for former Chairman Tim Massad. When he will actually leave is still a question, I am told. Econ Illinois has secured Thomas Peterffy for its Econ Illinois American Dream Dinner this May 18. BMO Harris Bank and IMC Financial Markets are sponsors of the event. The Brodsky Family Northwestern JD-MBA Fund Lecture Series will feature CFTC Commissioner Sharon Bowen on Monday, February 13, 2017 at the Northwestern Pritzker…

EU Said to Warn Deutsche Boerse-LSE Merger May Crush Rivals; Citigroup Punished for Treasury Market Spoofing by Five Traders; IPSX selects Cinnober to help launch new real estate exchange John Lothian Newsletter,Newsletter

First Read The Case That Changed the Industry Jim Kharouf, JLN Back in 2005, I began covering a major development in the financial industry – patents. More specifically, I began covering the patent infringement cases by Trading Technologies against a number of firms including CQG. That case, which lasted almost 12 years with appeals, is now essentially settled by the US Court of Appeals for the Federal Circuit, which affirmed the validity of TT’s patents, and essentially backed a lower court’s finding that CQG infringed on TT’s patents. The settlement awarded in the lower court was for $16 million. TT’s…

Chinese consortium wins approval for Chicago Stock Exchange takeover; NYSE to acquire NSX amid U.S. exchange consolidation; China Halts Trading in Key Bond Futures as Panicky Investors Sell Securities John Lothian Newsletter,Newsletter

First Read Should ION and FIS be worried? By Jim Kharouf, John Lothian News Just days after our column about Cinnober’s plans to move into the post-trade space with plans to take on legacy system giants, an upstart from Switzerland says it is ready, willing and able to do just that. And then there were two. Revendex, a consulting and IT firm based outside Zurich, says that its post-trade settlement system is ready to take on ION Trading’s Rolfe & Nolan system and FIS’s Stream (formerly GMI) platforms. Those two have dominated the post-trade space for decades, but Revendex executives…

Should ION and FIS be worried? Blog,Commentary,Feature,Fintech

Just days after our column about Cinnober’s plans to move into the post-trade space with plans to take on legacy system giants, an upstart from Switzerland says it is ready, willing and able to do just that. And then there were two. Revendex, a consulting and IT firm based outside Zurich, says that its post-trade settlement system is ready to take on ION Trading’s Rolfe & Nolan system and FIS’s Stream (formerly GMI) platforms. Those two have dominated the post-trade space for decades, but Revendex executives say the systems are expensive, out of date and too slow. Revendex’s managing directors…

Challenging the Status Quo: Cinnober Aims To Break Into The Back Office Clearing Space Feature

There was a time when many thought there wasn’t really much of a market for full clearinghouse solutions with real time clearing and risk management. But in 2007 and 2008, Cinnober successfully pushed into the space and carved out a nice niche for itself, especially as the global financial crisis illustrated the intense need for such solutions. Now, the company is pushing into the established space of back office clearing for clearing member banks and brokers. That space is essentially a duopoly owned by FIS, (formerly Sungard, formerly GMI and now called Stream) and ION, (formerly Rolfe & Nolan). And many…

ASX Gets Technical: ASX deputy CEO Peter Hiom Talks About New Trading Platform And Pioneering Into Blockchain Blog

ASX deputy CEO Peter Hiom has a long technology checklist these days. The stock and derivatives exchange is transitioning to a new trading platform from Cinnober. It is also looking to be among the first exchanges to implement blockchain technology as part of its equity clearing facility, perhaps in the next few months. John Lothian News spoke with Hiom last month at the FIA IDX conference in London about the next steps for the exchange. Q: Let’s look back over the past year. What has ASX been working on? A: A lot of our focus has been on technology. We’re…