Treating each of our customers as a long-term partner—with shared goals for outstanding performance—has proven to be a successful formula. Cinnober has delivered solutions to:
Alpha Trading Systems (Alpha)
Alpha is an Alternative Trading System (ATS), created to facilitate trading of listed equities in the Canadian capital markets.
It was established by nine of Canada’s leading financial institutions: BMO Nesbitt Burns Inc, Canaccord Capital Inc, CIBC World Markets Inc, CPP Investment Board, Desjardins Securities Inc, National Bank Financial Inc, RBC Dominion Securities Inc, Scotia Capital Inc, TD Securities Inc.
Alpha features a transparent, continuous matching platform where trading occurs through a central limit order book and other special order books.
Cinnober supplies Alpha’s high velocity, low latency trading platform based on the TRADExpress Trading System.
American Stock Exchange
The American Stock Exchange (AMEX) was one of the largest options exchanges in the world. In 2008 it was acquired by NYSE Euronext.
During 2002–2009 Cinnober served AMEX with their options trading platform ANTE (Amex New Trading Environment) based on the TRADExpress Trading System. ANTE was specifically customized to enable a hybrid market structure, combining an auction market system with the speed and efficiency of an electronic trading platform. In 2009, after the acquisition by NYSE, the AMEX options market was transferred from being traded on ANTE to NYSE technology.
ANTE was a high performance system managing over 600 million quotes per day and quote volumes exceeding 50,000 quotes per second at peak levels with capacity to handle much more, despite the vast complexities of the hybrid market model.
Borsa Italiana
Borsa Italiana – part of the London Stock Exchange Group – regulates, develops and manages several equities and derivatives markets in Italy.
Cinnober supplies Borsa Italiana with the market data system called DDM Plus. DDM Plus disseminates information to market participants and data vendors from all markets managed by Borsa Italiana, in real time, including the equities, derivatives and fixed income markets.
Burgundy
Burgundy is a multilateral trading facility (MTF) for listed Nordic securities owned by the leading Scandinavian banks and securities trading firms.
Burgundy’s client oriented platform is designed to offer cost effective securities trading and to strengthen the Nordic region as a financial hub.
Based on the TRADExpress Trading System, Cinnober supplies Burgundy with a turnkey solution, which includes total responsibility for the operation of the system.
Burgundy also utilizes Scila Surveillance for market supervision.
Chicago Board Options Exchange (CBOE)
CBOE is the largest U.S. options marketplace and creator of listed options.
Cinnober supplies CBOE’s CFLEX system. CFLEX is an internet-based trading system managing the electronic trading in FLexible EXchange Options (FLEX Options) made available by the CBOE.
Deutsche Bank
Deutsche Börse
EDX London
EDX London – part of the London Stock Exchange Group – provides futures and options trading in a range of international markets across equity, index and fixed income asset classes. The exchange specializes in Scandinavian and Russian equity derivatives.
EDX London utilizes Scila Surveillance for market surveillance.
Hong Kong Mercantile Exchange (HKMEx)
As a bridge between China and international commodities markets, the Hong Kong Mercantile Exchange will provide the premier price discovery platform to traders, industrial end-users and professional investors.
HKMEx will offer standardized exchange –traded products on a transparent USD-based pricing platform with a multi-currency clearing and settlement facility.
Cinnober supplies HKMEx’s Pearl and Pearl Pro trading platforms, based on the TRADExpress Trading System, as well as Scila Surveillance for market supervision.
London Metal Exchange
The London Metal Exchange (LME) is the world’s premier non-ferrous metals market offering futures and options contracts for metals and plastics.
Cinnober supplies the LMEselect electronic trading platform based on the TRADExpress Trading System.
Markit BOAT
Markit BOAT offers services that enable investment firms to meet their pre-trade quoting and post-trade reporting obligations for all their European OTC equity trades. Markit BOAT collects, collates, validates and stores OTC trade data and publishes it to the market in real-time.
Cinnober supplies the Markit BOAT MiFID-compliant trade reporting system, based on the TRADExpress Trading System. Cinnober’s undertaking also covers system operations and hosting services.
NYSE Liffe
NYSE Liffe is the global derivatives business of the NYSE Euronext group.
Cinnober supplies NYSE Liffe with the systems Bclear and Cscreen forming NYSE Liffe’s over the counter (OTC) service. Cinnober also provides hosting and related services of the Cscreen system.
Cscreen is an electronic pre-trade price discovery tool and provides customers with a more efficient way of disseminating prices for wholesale equity derivatives by reducing the administration involved in inter-dealer brokerage.
The award-winning Bclear service combines much of the flexibility of the OTC market with many of the benefits of an exchange and clearing house environment. Since it was launched, Bclear has been used extensively by leading investment banks and buy-side firms to process OTC derivatives business, helping them to reduce operational risk and manage counterparty risk.
Launched initially for OTC equity derivatives, Bclear now also offers commodity contracts.
Oslo Børs
Oslo Børs’ offers the only regulated markets for securities trading in Norway, and provides trading in shares, bonds, derivatives and more.
Oslo Børs utilizes Scila Surveillance for equity derivatives market surveillance.
Quadriserv
Quadriserv is a leader in delivering transformational market structure changes to the securities lending industry.
Quadriserv, through its wholly-owned subsidiary, Automated Equity Finance Markets, Inc., has developed AQS, a centralized platform for securities lending. AQS, through its relationship with The Options Clearing Corporation, has created a centrally-cleared marketplace for securities lending transactions.
This innovative and unique platform is based on Cinnober’s TRADExpress Trading System, customized to fit Quadriserv’s functional specifications.
As a FINRA Registered broker-dealer and a SEC Alternative Trading System (ATS), AQS maximizes liquidity, access, credit and transparency, while mitigating systemic risk, on a stable and secure trading environment.
Turquoise
Turquoise is a pan-European multilateral trading facility (MTF) that integrates dark and transparent pools of liquidity to generate price improvement, transparency and efficiency.
Turquoise was founded by nine leading investment banks: BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley, Société Généralé and UBS.
Cinnober supplies the Turquoise low latency, high throughput trading platform based on the TRADExpress Trading System. Cinnober’s undertaking also covers system operations and hosting services.