Cinnober selected to receive EU funding for disruptive client clearing technology
The European Commission recognizes need for real-time risk margining, multi-asset client clearing solution for the banking sectorThe European Commission has announced that Cinnober has been chosen to receive financial support to develop a real-time risk margining and multi-asset client clearing system for European and international banks. The system will provide banks, and their clients, with an immediate and complete view of risk exposure across markets, enable more efficient use of capital and impart operational efficiencies across listed and OTC flows. “Over the past five years,