21 October 2017
Register now

Cinnober buys stake in FfastFill

25 February 2011  |  8222 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  |  7348 views  |  0 comments
FfastFill raises £1 million; losses widen

FfastFill raises £1 million; losses widen

19 November 2008  |  4514 views  |  0 comments
Burgundy MTF selects Cinnober trading technology

Burgundy MTF selects Cinnober trading technology

24 September 2008  |  6965 views  |  0 comments
Ffastfill offer talks terminated

Ffastfill offer talks terminated

05 March 2007  |  4893 views  |  0 comments
FfastFill rises on bid approach

FfastFill rises on bid approach

04 January 2007  |  4115 views  |  0 comments
Ffastfill to raise £3.1m in share placing

Ffastfill to raise £3.1m in share placing

29 April 2005  |  4864 views  |  0 comments
LME signs electronic matching deal with Cinnober

LME signs electronic matching deal with Cinnober

26 November 2002  |  4885 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.atos.netvisit www.innotribe.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8694 views comments | 21 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8600 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7694 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7158 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6765 views comments | 14 tweets | 23 linkedin

Featured job

Find your next job