Cinnober Joins The Open MiFID Alliance

Yesterday Cinnober Financial Technology announced its membership in the Open MiFID Alliance (OMA). Cinnober complements the incumbent OMA members’ offerings with a product solution for “systematic internalisation” making the the total MiFID offering from OMA members even more complete and attractive.

Cinnober’s product TRADExpress for Internalisation is designed for financial institutions choosing to act as systematic internalisers under MiFID.

Prior to the advent of TRADExpress for Internalisation, investment banks were limited by the abilities of their in-house IT staffs to build and maintain custom internalisation software. With TRADExpress for Internalisation, these financial institutions can now utilise and rely on a thoroughly proven solution to perform internalisation.

TRADExpress for Internalisation is based on technology that provides world-class latency numbers and throughput, in a fully redundant environment. Cinnober’s software is 100% Java-based and runs on SUN and other platforms that support The Java Virtual Machine (JVM).