Cinnober’s real-time clearing technology awarded Post-Trade Initiative of the Year

By Cinnober - 2015.10.22

Press releases

T&T-Awards-Logo-Winner.pngLast night turned out to be an unforgettable event for Cinnober at the annual Financial News Trading & Technology Awards. The Swedish tech supplier was awarded the prestigious “Post-Trade Initiative of the year” for its TRADExpress RealTime Clearing technology.

The award was announced during a spectacular gala dinner at the Victoria & Albert Museum in London. Afterward, an excited
Veronica Augustsson, CEO of Cinnober, commented:

“I’m thrilled to be a part of the fantastic Cinnober team that has made this recognition possible. This is proof that hard work and foresight pay off. We are proud to be leading a paradigm shift by introducing true real-time clearing. The end result will be safer, more transparent and more secure financial marketplaces.”

Over the years Cinnober has implemented its RealTime Clearing technology at major financial venues all over the world, such as the Brazilian BM&FBOVESPA, South African JSE and — last but not least — the LME Clear in London. The latter was also one of the nominees in this specific category, which meant that the Cinnober technology had, in fact, a double chance of winning.

The multi-asset clearing solution from Cinnober enables clearinghouses to monitor and manage risk in real time across multiple markets, both OTC and exchange-traded. The solution has proven itself at several high-profile CCPs globally, enabling margin and settlement savings for their clients thanks to netting effects, improved risk management, extreme performance, faster product development capabilities and efficient operations.

In the words of the jury: “Cinnober’s TRADExpress real-time clearing solution offers a significant change to historical end-of-day practices, providing banks, and their clients, with an immediate and complete view of risk exposures across markets, enable more efficient use of capital and impart operational efficiencies across listed and OTC flows. The system has been adopted by the Brazilian and South African stock markets and was also chosen by the European Commission to develop a real-time risk margining and multi-asset client clearing system for banks.”


For more information on the award, see: 

Download (pdf) 

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