Newsletter June 2006

Cinnober Signs Contract with Borsa Italiana S.p.A.

Cinnober has entered into an agreement with Borsa Italiana S.p.A. for the delivery of the new DDM-Plus – a high performance data dissemination system.

DDM-Plus makes real-time financial information, primarily from the Italian financial markets, available to information providers, market participants and other financial institutions.

Any market participant can connect to DDM-Plus in order to feed the data straight into their own applications. The information is also distributed worldwide through information vendors. In addition to extended functionality, DDM-Plus offers substantial increase in performance and speed in data distribution from source to recipient.

Users of DDM-Plus subscribe to real-time financial data such as price and trade execution information. The information is primarily available via a message based protocol interface. Different levels and views of information can be setup based on the agreement with each user.

DDM-Plus also enables a FAST interface. FAST stands for FIX Adopted for Streaming and is a new standard for message encoding developed by FPL (FIX Protocol Ltd.) for efficient market information flows.

DDM-Plus is based on Cinnober’s fully scalable, high performance TRADExpress Platform powering several leading marketplaces.

Derivatives & Securities World – London 21-22 June 2006

You are welcome to visit Cinnober at stand number one at the Derivatives & Securities World (DSW) in London.

DSW is organized by FOW and takes place during the International Derivatives Week at the Queen Elisabeth II Conference Centre. Qualifying professionals can attend the DSW free of charge. Click here for FOW’s exhibition brochure including registration form. It is also possible to register on-line at www.fow.com/events/london.

Accelerating Volumes in Bclear

On May 9 the total volume in equity derivatives registered through Euronext.liffe’s Bclear passed the 20 million milestone. The service only registered its 10 millionth contract on April 11 meaning total volume doubled in a single month.

The acceleration has followed Euronext.liffe’s launch of Universal Stock Futures (USFs) on Bclear in March.

Bclear was developed by Cinnober and launched by Euronext.liffe in October 2005. Through Bclear wholesale equity derivatives trades can simply and cost effectively be registered and processed to clearing at LCH.Clearnet Ltd.

Bclear enables registration of both standard and flexible contracts in futures and options, covering 12 country and pan-European indices as well as futures and options on over 350 European securities from 15 markets.

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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