SET ready to launch Cinnober technology
(Thomson Reuters ONE) -
As previously communicated, The Stock Exchange of Thailand (SET) and Cinnober
have been involved in a major project for the Thai exchange trading
infrastructure.
The agreement, which was signed in June 2011, means that Cinnober will deliver
several core systems to the exchange. The first phase of the project has been
formally accepted by SET, and will lead to the replacement of their current
trading, market data and surveillance systems within equities markets during Q3
2012. In following stages the project will also include the derivatives markets.
"The customization and implementation project has passed smoothly and both
parties feel very comfortable with the result as well as the excellent
cooperation," says Javier Tordable, CEO of Cinnober. "The fact that Cinnober has
delivered the first part and received full acceptance in May, means that SET
will now focus on the actual launch, and we are looking forward to a continuing
fruitful partnership."
SET can thus offer superior transaction speed to support high-frequency and
algorithmic trading, and provide the use of industry standard interfaces, which
will make it easier to accommodate linkage with other marketplaces to attract
further liquidity. Once fully completed, SET will have the capability of
performing equities and derivatives markets trading on the same platform, based
on Cinnober's TRADExpress Trading System.
Swedish-based technology supplier Cinnober is the leading independent provider
of marketplace and clearing technology, delivering solutions for trading, market
data distribution, market surveillance, clearing and real-time risk management
to leading trading venues.
For further information, please contact:
Fredrik Backlund
Head of Corporate Communications
Cinnober Financial Technology
Tel. +46-73 403 12 39
About Cinnober Financial Technology AB
Cinnober provides mission-critical solutions and services to leading trading and
clearing venues. Cinnober's solutions are based on the TRADExpress(TM) 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 Alpha Exchange, Borsa Italiana, BM&FBOVESPA, Burgundy, Chicago
Board Options Exchange, Deutsche Börse, Dubai Gold & Commodities Exchange,
Eurex, Hong Kong Mercantile Exchange, London Metal Exchange, Markit BOAT, NYSE
Liffe, Stock Exchange of Thailand and Quadriserv. For additional information,
please visit www.cinnober.com
Press release (pdf):
http://hugin.info/139660/R/1624977/519687.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cinnober via Thomson Reuters ONE
[HUG#1624977]
Unternehmensinformation / Kurzprofil:
Datum: 09.07.2012 - 10:00 Uhr
Sprache: Deutsch
News-ID 163069
Anzahl Zeichen: 3575
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 166 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SET ready to launch Cinnober technology"
steht unter der journalistisch-redaktionellen Verantwortung von
Cinnober (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
