Borsa Italiana extends agreement for Cinnober's market data solution
(Thomson Reuters ONE) -
Cinnober and Borsa Italiana-part of the London Stock Exchange Group-announce
today the extension of the license and support agreement for the real-time
market data system DDM Plus for one more year until the end of 2011.
DDM Plus consolidates and disseminates market data from the entire Borsa
Italiana, consisting of the share, derivatives, fixed income and certificates
markets as well as their indices. European market data vendors and market
participants can choose from five different levels of market depth when they
subscribe to the data.
Over the years DDM Plus has been well received by the expanding Italian
financial market; Borsa Italiana is now prolonging its maintenance contract with
Cinnober for another year in order to continue to deliver the market data
service until the migration to the new LSEG IT platform is completed.
The DDM Plus system is based on Cinnober's high-performance TRADExpress
platform. The first version of the solution was delivered in 2006, the license
and support agreement was last extended in late 2009, and now the two companies
have decided for a further extension.
"The Italian installation has managed to match a great increase of volumes over
the years. DDM Plus shows again how our flexible technology copes with extremely
high throughput and the need to match changing requirements in a fast moving
marketplace," said Jan Arpi, CEO of Cinnober.
Cinnober is the leading independent provider of marketplace technology,
delivering solutions for trading, market data distribution, market surveillance,
clearing and real-time risk management. The company has a solid track record of
supplying solutions to prominent trading venues such as Alpha Trading Systems,
Burgundy, the Chicago Board Options Exchange, the London Metal Exchange, Markit
BOAT, NYSE Liffe and Turquoise.
Earlier this year Cinnober conducted a technical upgrade of the DDM Plus. This
successful project met the needs for increased capacity as well as preparations
for LSE's decision to implement the SOLA trading platform for the Italian
derivatives market.
For further information, please contact:
Jan Arpi
CEO, Cinnober Financial Technology AB
Tel. +46 70 860 46 49
About Cinnober Financial Technology AB
Cinnober provides mission-critical solutions and services to leading exchanges
and trading venues. Based on TRADExpress - a scalable, high-performance,
low-latency platform for transaction processing - Cinnober delivers flexible
solutions for trade execution, real-time clearing, price discovery and data
distribution. TRADExpress is 100% Java based, enabling solutions that are
flexible, as well as hardware- and database-independent. For additional
information, please visitwww.cinnober.com.
[HUG#1446192]
Press release (PDF):
http://hugin.info/139660/R/1446192/389182.pdf
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Source: Cinnober via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 23.09.2010 - 09:00 Uhr
Sprache: Deutsch
News-ID 42964
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Town:
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Kategorie:
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"Borsa Italiana extends agreement for Cinnober's market data solution"
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