20 February 2017
visit dh.com

Cinnober buys stake in FfastFill

25 February 2011  |  8031 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)

Finextra news in your inbox

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

Related stories

FfastFill expects FY profit, appoints Purdey CEO

FfastFill expects FY profit, appoints Purdey CEO

02 April 2009  |  7164 views  |  0 comments
FfastFill raises £1 million; losses widen

FfastFill raises £1 million; losses widen

19 November 2008  |  4373 views  |  0 comments
Burgundy MTF selects Cinnober trading technology

Burgundy MTF selects Cinnober trading technology

24 September 2008  |  6805 views  |  0 comments
Ffastfill offer talks terminated

Ffastfill offer talks terminated

05 March 2007  |  4704 views  |  0 comments
FfastFill rises on bid approach

FfastFill rises on bid approach

04 January 2007  |  3982 views  |  0 comments
Ffastfill to raise £3.1m in share placing

Ffastfill to raise £3.1m in share placing

29 April 2005  |  4672 views  |  0 comments
LME signs electronic matching deal with Cinnober

LME signs electronic matching deal with Cinnober

26 November 2002  |  4701 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.com visit dh.com

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
14187 views 11 comments | 49 tweets | 82 linkedin
Nesta launches £5 million Open API challengeNesta launches £5 million Open API ch...
10048 views comments | 21 tweets | 18 linkedin
Jaguar embeds payments into digital dashboardJaguar embeds payments into digital dashbo...
9481 views comments | 48 tweets | 55 linkedin
The fintech effect: Banks buy in to benefits of boosting financial well-beingThe fintech effect: Banks buy in to benefi...
8825 views comments | 15 tweets | 11 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
7566 views comments | 16 tweets | 12 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job