Cinnober acquires market surveillance specialist Ancoa Software
Cinnober Financial Technology announces today the acquisition of the business and assets of Ancoa Software, the UK-based market surveillance specialist company.
Ancoa provides contextual surveillance and insightful analytics for exchanges, regulators, buy & sell-side firms. Their highly sophisticated, yet easy to deploy and simple to use, monitoring and surveillance platform helps firms take full control of their regulatory, reputational and operational risks across markets, functions and asset classes. Ancoa’s customers of today includes Convergex, MarketAxess, Linear Investments, Energie Steiermark and Cenkos Securities.
“Cinnober has been in a partnership with Ancoa for the last three years and we’re impressed by their team and their product. By bringing Ancoa into Cinnober we are now adding new competences as well as deepening our leading product portfolio targeting banks and brokers as well as exchanges and clearinghouses”, says Veronica Augustsson, CEO of Cinnober. “We’re also adding approximately ten additional customers to our client base, within a highly interesting segment of our business niche driven by regulatory demands.”
Ancoa is undergoing a steady growth phase and the conclusion is that by bringing them into the Cinnober group will accelerate this momentum even further. However, the acquisition is not expected to have a major impact on Cinnober's income statement and balance sheet in the short term. A three months’ integration phase will now be undertaken to maximize synergies and leverage cost efficiencies.
Cinnober is a world-leading and independent supplier of financial technology to marketplaces and clearinghouses. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance. Customers include major exchanges with extreme demands on reliability and performance, such as the Australian Securities Exchange, B3 (formerly BM&FBOVESPA), Dubai Gold & Commodities Exchange, Euronext, Japan Exchange Group, Johannesburg Stock Exchange, the London Metal Exchange, LME Clear, NYSE and the Stock Exchange of Thailand.
For further information, please contact:
Fredrik Backlund
Head of Corporate Communications
Cinnober Financial Technology AB
+46-(0)73-403 12 39
fredrik.backlund@cinnober.com
About Cinnober Financial Technology
Cinnober provides solutions and services to leading trading and clearing venues, including exchanges, clearinghouses, banks and brokers. Cinnober’s solutions are largely based on the TRADExpress™ Platform, incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance. Cinnober’s customers include the Australian Securities Exchange, B3 (formerly BM&FBOVESPA), Dubai Gold & Commodities Exchange, Euronext, Japan Exchange Group, Johannesburg Stock Exchange, the London Metal Exchange, LME Clear, NYSE and the Stock Exchange of Thailand. Cinnober’s shares are traded on the Nasdaq First North exchange and the company’s Certified Advisor is Avanza. For additional information, please visit www.cinnober.com
About Ancoa
Ancoa provides contextual surveillance and insightful analytics for exchanges, regulators, buy- & sell-side firms. Our highly sophisticated, yet easy to deploy and simple to use, monitoring and surveillance platform helps firms take full control of their regulatory, reputational and operational risks across markets, functions and asset classes.
We help improve market integrity by providing greater visibility over trading behaviour. Our independent and flexible approach to monitoring, analytics, alerting and reporting, using powerful visualisation tools, enables firms to identify and manage potential risks of market abuse, fraud and operational shortcomings on a single platform, both overnight and in real-time.
Founded in 2010, Ancoa’s management team brings together a strong pedigree & track record in capital markets, technology, surveillance, analytics and entrepreneurship. For more information visit www.ancoa.com.