Cinnober Extends Clearing Capabilities, Launching New Subsidiary
Posted: Tue Nov 08, 2016 4:32 pm
Cinnober, a provider of exchange and real-time clearing technology to market operators, clearinghouses, banks, and brokers has opted to expand its business segmentation, culminating in the establishment of operations in a separate company, per a Cinnober statement.
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The decision was reached by the Board of Cinnober, which opted to develop its sales business of real-time clearing technology and services to large international banks, i.e. client clearing. As such, Cinnober will be transferring select rights to its technology suite to a subsidiary, which will further commercialize ... (read more)