22 October 2017
Register now

Borsa Italiana extends agreement for Cinnober market data

23 September 2010  |  2217 views  |  0 Source: Cinnober

Cinnober and Borsa Italiana-part of the London Stock Exchange Group-announce today the extension of the license and support agreement for the real-time market data system DDM Plus for one more year until the end of 2011.

DDM Plus consolidates and disseminates market data from the entire Borsa Italiana, consisting of the share, derivatives, fixed income and certificates markets as well as their indices. European market data vendors and market participants can choose from five different levels of market depth when they subscribe to the data.

Over the years DDM Plus has been well received by the expanding Italian financial market; Borsa Italiana is now prolonging its maintenance contract with Cinnober for another year in order to continue to deliver the market data service until the migration to the new LSEG IT platform is completed.

The DDM Plus system is based on Cinnober's high-performance TRADExpress platform. The first version of the solution was delivered in 2006, the license and support agreement was last extended in late 2009, and now the two companies have decided for a further extension.

"The Italian installation has managed to match a great increase of volumes over the years. DDM Plus shows again how our flexible technology copes with extremely high throughput and the need to match changing requirements in a fast moving marketplace," said Jan Arpi, CEO of Cinnober.

Cinnober is the leading independent provider of marketplace technology, delivering solutions for trading, market data distribution, market surveillance, clearing and real-time risk management. The company has a solid track record of supplying solutions to prominent trading venues such as Alpha Trading Systems, Burgundy, the Chicago Board Options Exchange, the London Metal Exchange, Markit BOAT, NYSE Liffe and Turquoise.

Earlier this year Cinnober conducted a technical upgrade of the DDM Plus. This successful project met the needs for increased capacity as well as preparations for LSE's decision to implement the SOLA trading platform for the Italian derivatives market.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.com visit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
12764 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11975 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9469 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8899 views comments | 11 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8498 views comments | 9 tweets | 18 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job