This spring Cinnober received an order for the implementation of a marketplace for binary derivatives. The consortium behind the new trading venue is composed of reputable individuals with a track record of turning similar projects into commercial success. 

“This is a great project that implies great possibilities while demonstrating the flexibility that is embedded in our TRADExpress technology,” comments Jan Arpi, CEO of Cinnober. 

The venture involves two phases, of which the first includes a European launch in the fall of 2011. The second phase includes a launch on the US market with the goal of reaching operational status at the end of 2012. Cinnober is supplying the TRADExpress Trading System and will provide support, maintenance and operation after the launch.