Our History

Cinnober works in close partnership with many of the most well-renowned names in the financial industry. We have come a long way since the first deliveries came out of a small office in central Stockholm with four developers back in late 1998.

Timeline

1998
Founded
1999
First international deliveries - trade application for the Helsinki Stock Exchange
2000
Nordic energy market Nordpool chooses Cinnober for their Clearing Desk Application (CDA)
Breakthrough order from American Stock Exchange
2002
London Metal Exchange becomes a customer within trading - Cinnober's oldest existing customer
Launch of Cscreen - price discovery for complex derivatives trading
2005
Cscreen is sold to Liffe
Launch of Bclear - a post-trade solution for Liffe
2007
Bank consortium behind Boat orders a solution for OTC Trade Reporting
Quadriserv chooses Cinnober's trading system for stock lending
Alpha, Canadian ATD, choose Cinnober for trading systems
Turquoise, European MTF, choose Cinnober for trading system
2008
Burgundy, Nordic MTF, choose Cinnober for trading systems
HKMEX choose Cinnober for trading system
2009
Launch of TRADExpress RealTime Clearing
2011
Stock Exchange of Thailand chooses Cinnober for its new trading system
Brazilian B3 becomes the first major clearing customer
2012
Acquisition of Cinnober North (Umeå) from Nomura
Development of Europe's most modern clearing system for LME Clear
Launch of new trading, clearing and surveillance technology for DGCX
2013
Signing of agreement to deliver a clearing system to Johannesburg Stock Exchange
2014
Acquisition of Boat (trade reporting services)
Delivery of market surveillance technology to NYSE
Signing of agreement with Euronext for the delivery of a post-trade system for OTC clearing
2015
Australian Securities Exchange chooses Cinnober for trading solution
2016
RealTime Clearing appointed Post-Trade Initiative of the Year two years in a row by Financial News
Japan Exchange Group orders clearing and risk management solutions
2017
Cinnober transforms into a group with four subsidaries
Development of TRADEcho - the leading trade reporting service for banks and brokers for MiFID II regulations
Asia Pacific Exchange (APEX) chooses Cinnober as provider of clearing and surveillance systems
Milestone reached after signing up around 600 clients to TRADEcho
Launch of LMBA-i, the world's first and only reporting service for transparency in the bullion market
Launch of Minium and a new share issue of 175 MSEK to widen Cinnober's clearing and risk offering towards banks and brokers
ModEx was launched and went live with 10 pilot clients within the (re)insurance industry for better predictions of catastrophic risk
Minium initiates partnership with Marex Spectron as first pilot customer for a real-time risk management solution
Acquisition of Ancoa, a UK-based market surveillance and analytics company - rebranded to Irisium
Recruitment of around 35 new employees in Minium
Record number of system launches for new and exisiting customers during one year, including ASX, B3, LME, LME Clear and Euronext
2018
Guy Carpenter selects Simplitium's ModEx to deliver a catastrophe risk modelling solution
APEX goes live with its new marketplace, operating with real-time clearing solution from Cinnober and the Irisium surveillance platform
Divestment of 60% of Irisium to KRM22
Stock Exchange of Thailand strengthens relationship with Cinnober
Bitstamp selects trading system from Cinnober
Abaxx chooses Cinnober trading and clearing technology to power new commodity exchange
Vaultex Exchange signs agreement for Cinnober trading and clearing technology
2019
Nasdaq acquires Cinnober
OCC selects clearing system from Cinnober

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Powerful technology solutions and services for e.g. exchanges, clearinghouses, banks and brokers - we help firms differentiate themselves from the competition, improve and explore new business opportunities and comply with changing market demands and regulations.