Cinnober has been nominated for Best Clearing and Settlement Solution at the FTF News Award Technology Innovation Award.
The award aims to celebrate and recognize the professionals, financial technology vendors, service providers, industry bodies and regulators that have made significant strides and noteworthy achievements in operational excellence during 2015. Only eligible industry participants can vote for the nominees and the voting is open until March 21. The winner will be announced on April 18.
Cinnober’s TRADExpress RealTime Clearing manages risk and settlement over multiple asset classes. The clearing solution is implemented at BM&FBOVESPA, LME Clear, JSE, and DGCX—and a new clearing project with the Japanese Exchange Group JPX has just been initiated.
In December 2015 the London Metal Exchange’s clearinghouse LME Clear was granted for “Best new Technology Product — Risk Management” at the FOW International Awards, based on real-time clearing technology from Cinnober. Earlier that year TRADExpress RealTime Clearing was also awarded at the Financial News Trading & Technology Award as the “Post-Trade Initiative of the Year.