Cinnober Gains Real-Time Clearing Client

Cinnober officials say the new client has taken the TradEx­press Realtime Clearing platform and expects its clearing turnover to double.

Cinnober launched the multi-asset-class clearing and real-time risk system, which can be configured for bilateral and multilateral clearing, last year, and expects its clearing business to account for half of its revenue this year.

"We heard from high-frequency traders a year and half ago that they were worried about the fact that no clearer in the world could

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