Nasdaq Makes $190 Million Bid for Cinnober

The US exchange will make an all-cash offer for the troubled Swedish vendor.

Stockholm

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

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