Cinnober wins award for CCP risk solution at the 2018 FOW International Awards

By Cinnober - 2018.12.05

Press releases

We are pleased to announce that Cinnober was awarded the Best New Technology Product in Risk Management for its TRADExpressTM CCP Risk Solution at last night’s FOW International Awards in London.

The FOW International Awards celebrate those who have provided exceptional service and innovation to their clients and the industry during the past year, recognising the best achievements from across the global cleared derivatives market. The Technology category acknowledges companies that have launched new products or made significant enhancements to existing products that solved a problem creatively, opened up new possibilities, or changed the way participants approach the market.

TRADExpress CCP Risk, which launched in February this year, is Cinnober’s real-time risk solution for central clearing counterparties (CCPs) which unifies risk monitoring and management for multiple asset classes under one system.

For Japan Exchange Group (JPX), the system has provided a group-wide post-trade risk management system across all asset classes cleared by JPX’s clearinghouse, the Japan Securities Clearing Corporation (JSCC). By replacing multiple tools and spreadsheets with a single point of access for risk monitoring and management, the new system has enabled JPX to increase their operational efficiency and free up time for analysing and acting on the outcome of calculations.

“Cinnober’s TRADExpress CCP Risk solution is specifically tailored for CCPs, to facilitate efficient risk management for OTC and exchange traded instruments as well as compliance with regulatory requirements,” says Peter K. Lenardos, CEO of Cinnober Group. “As the clearing landscape becomes increasingly complex, with a growing number of financial instruments mandated to be centrally cleared, this solution brings much needed capabilities to the market. I am honoured to receive this award on behalf of Cinnober and I am proud to be a part of the team that made this recognition possible.”

Cinnober provides trading and clearing technology to marketplaces and clearinghouses globally. Cinnober’s customers include leading exchanges such as the Asia Pacific Exchange (APEX), Australian Securities Exchange (ASX), B3, Dubai Gold & Commodities Exchange (DGCX), Euronext, Japan Exchange Group (JPX), London Metal Exchange (LME), Johannesburg Stock Exchange (JSE), and Stock Exchange of Thailand (SET). Cinnober’s solutions are based on the TRADExpress™ Platform, incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility.

 

For further information, please contact:

Anna Hallgren
Co-Head of Marketing and Corporate Communications
Cinnober Financial Technology AB
Tel. +46 733 47 87 20
anna.hallgren@cinnober.com

Emmy Granström
Co-Head of Marketing and Corporate Communications
Cinnober Financial Technology AB
Tel. +44 77 8466 7959
emmy.granstrom@cinnober.com

 

About Cinnober

Cinnober provides solutions and services to trading venues and clearing houses. Cinnober’s solutions are largely based on the TRADExpress™ Platform, incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance.

Cinnober’s customers include Asia Pacific Exchange, Australian Securities Exchange, B3, Dubai Gold & Commodities Exchange, Euronext, Japan Exchange Group, Johannesburg Stock Exchange, London Metal Exchange, LME Clear, NYSE and Stock Exchange of Thailand.

Cinnober is part of the Cinnober Group which also includes the subsidiaries Simplitium and Minium. For additional information, please visithttps://group.cinnober.com.

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