Newsletter November 2007

New Location

Cinnober is growing – over the past year our staff has increased by more than 30%. Now we’re looking forward to moving to new premises in downtown Stockholm. Monday November 26th will be Cinnober’s first day at the new address:

Kungsgatan 36
111 35 Stockholm, Sweden
Phone: +46 8 503 047 00
Fax: +46 8 503 047 01

Meet Us in Chicago

Cinnober will participate at FIA’s Futures & Options Expo in Chicago November 27-29. You’ll find us in booth 326. We hope to see you there.

Click here to register for a complimentary exhibits-only pass.

Cinnober Signs Agreement with Alpha Trading Systems

Cinnober has entered into an agreement with Alpha Trading Systems for the delivery of a trading platform. Alpha was established in May 2007, by nine of Canada’s leading financial institutions with the aim of increasing the country’s equity trading efficiency and making the Canadian marketplace more globally competitive.

The Alpha Trading System solution is based on Cinnober’s fully scalable, high-performance, low-latency TRADExpress platform, which powers several leading marketplaces.

Alpha’s decision to partner with Cinnober has come after the completion of a thorough due diligence process during which many different trading platforms were considered. The selection and benchmarking procedures for this assignment have been rigorous. Together with the announcement of Cinnober’s involvement in the Project Turquoise this further confirms marketplace trust in the excellent quality of the TRADExpress platform.

Turquoise Selects Cinnober

Cinnober has been selected to supply the trading platform technology for Project Turquoise, the Multilateral Trading Facility (MTF) that is being set up by nine leading European investment banks.

Project Turquoise will offer an innovative hybrid trading facility bringing together a traditional transparent order book – which will have priority – and a hidden order book or “dark pool” within the same matching engine and order book.

The decision to select Cinnober came after an in-depth review of a wide range of possible suppliers. Cinnober’s TRADExpress technology best matched the requirements of Project Turquoise for a state-of-the-art, functionally rich solution with exceptional reliability and low latency.

BOAT Live!

On November 1st Markit BOAT was launched into the market. Markit BOAT is a MiFID-compliant trade reporting venue based on a platform deployed by Cinnober and run by Markit. It enables investment firms to meet their pre-trade quoting and post-trade reporting obligations for all of their European OTC equity trades.

Markit BOAT is a consortium of nine leading investment banks: ABN AMRO, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Merrill Lynch, Morgan Stanley, and UBS. The objective of Markit BOAT is the creation of a central platform for the collection, collation, validation, storage, and distribution of pre- and post-trade information, as required by investment banks operating off-exchange.

CBOE’s CFLEX Launched!

On November 20 CBOE went live with their CFLEX system which is deployed by Cinnober. CFLEX is an Internet based trading platform for exchange-traded FLEX options. It is based on Cinnober’s TRADExpress platform and contains functionality for negotiating and trading flexible contracts.

Salmon Trading in Norway – Launch of a New Commodity Exchange

The first electronic exchange to offer trading in financial contracts on salmon – FishEx – was launched on October 24, in Tromso, Norway. Based on Cinnober’s Ctrade application, FishEx enables market participants to trade forward contracts on farmed salmon. Through its business partner Nord Pool Clearing ASA, FishEx also offers its customers clearing services.

About Cinnober

Cinnober provides mission-critical systems to a number of leading financial enterprises, including Alpha Trading Systems, The American Stock Exchange (AMEX), BOAT, The Chicago Board Options Exchange, Liffe NYSE Euronext, The London Metal Exchange, Borsa Italiana, and The Turquoise Consortium.

Cinnober’s products are highly customizable and based on TRADExpress, a scalable, high-performance, low-latency platform for transaction processing. TRADExpress is 100% Java-based, enabling solutions that are flexible, as well as hardware- and database-independent.

Contact Information For more information, or if you want somebody else to receive this newsletter please contact Anna Hallgren.

Cinnober Financial Technology AB
Industrigatan 2
SE-112 46 Stockholm, Sweden
www.cinnober.com
Phone: +46 8 503 047 00
Fax: +46 8 503 047 01