Nasdaq to buy Cinnober in $190 million deal
Nasdaq makes acquisition play for Swedish technology provider to build out its technology and analytics capabilities.
Nasdaq makes acquisition play for Swedish technology provider to build out its technology and analytics capabilities.
The decision comes after industry feedback raised concerns on the ASX’s timeline to implement the technology.
Veronica Augustsson has worked at Cinnober for 16 years, but has been replaced by recently appointed CFO Peter Lenardos.
Nine financial institutions will participate in a proof of concept for platform powered using blockchain technology to share and use various services.
The UK asset manager will consolidate its asset servicing relationships for its UK and Ireland fund ranges and use BNY Mellon as its sole outsourcing provider.
SIX Group will use Nasdaq’s post-trade technology for pan-European equities and Nordic derivatives.
Custodians stand to benefit from using the technology for new revenue-generating products around data services.
Nasdaq to provide technology to the National Stock Exchange of India (NSE) for post-trade systems and functions.
Digital Asset’s head of Europe sees potential opportunity through distributed ledger technology in settlement for securities lending between when counterparties want to settle.
The deal comes six months after Torstone entered the Norwegian market following its connection to the local CSD.