Nasdaq is set to acquire Cinnober Financial Technologies, a rival provider of post-trade and surveillance systems, in an all-cash offer that values the vendor at $190 million.
The Swedish vendor provides exchange technologies to groups such as the New York Stock Exchange, the Johannesburg Stock Exchange, and others, as does Nasdaq’s Market Technology arm, which serves as its vendor business.
“[Cinnober] has a high degree of supporting capabilities,” says Lars Ottersgård, head of Market
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.Subscribe to Weekly Wrap emails
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