06 October 2015

Cinnober buys stake in FfastFill

25 February 2011  |  7649 views  |  0 handshake

Swedish trading technology vendor Cinnober has acquired a three per cent stake in UK rival FfastFill.

In a brief statement, FfastFill says that, as of this week, Cinnober holds 12,000,000 ordinary shares of one pence each.

FfastFill claims over 80 customers for its technology covering derivatives trading and risk management. Cinnober counts Deutsche Börse, Nyse Liffe and MTF Burgundy among its customers although the vendor recently lost out when the LSE migrated its Turquoise platform to the in-house MillenniumIT system.

The move to acquire a small stake in FfastFill could presage a tie-up, claims the Financial Times, although any deal would depend on Ion Trading, which holds a 25% stake in the UK firm.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

19 April, 2010
02 April, 2009
19 November, 2008
24 September, 2008
05 March, 2007
04 January, 2007
29 April, 2005
26 November, 2002

Related company news


Top topics

Most viewed Most shared
Banks face choice to collaborate or compet...
8376 views comments | 43 tweets | 49 linkedin
BNP Paribas to pilot cards with dynamic CV...
6571 views comments | 31 tweets | 36 linkedin
Worldpay trials facial recognition technol...
6447 views comments | 23 tweets | 39 linkedin
Payments firm Adyen scores funding at $2.3...
5025 views comments | 16 tweets | 14 linkedin
Switzerland gets new fintech accelerator
4319 views comments | 15 tweets | 3 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job