Cinnober expands investment in real-time clearing for banks
Establishes operations in separate companyThe Board of Cinnober has decided to further develop its business area for sales of real-time clearing technology and services to large international banks, so-called client clearing. To focus fully on this venture, Cinnober will transfer the rights to this technology to a subsidiary, which will further commercialize the offering. Based on Cinnober’s existing technology for exchanges and clearinghouses, the new subsidiary will provide banks and their customers with an immediate and complete view of risk exposure across different markets. Since