NASDAQ OMX (NASDAQ: NDAQ) announces that the trading in Cinnober Financial Technology AB (shortname: CINN) shares commenced today on First North at NASDAQ OMX Stockholm. Cinnober belongs to the Technology sector and is the 31st company to be admitted to trading on First North’s Nordic markets (Stockholm, Helsinki, Copenhagen and Iceland) in 2014.
Cinnober provides solutions and services to leading trading and clearing venues, including exchanges, clearinghouses, banks and brokers. Cinnober’s solution portfolio includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance. Cinnober’s customers include BM&FBOVESPA, Deutsche Börse, Eurex, London Metal Exchange, ICE Liffe and Stock Exchange of Thailand. Founded in 1998 Cinnober has around 250 employees in offices in Stockholm, Umeå, London and New York. For additional information, please visit www.cinnober.com.
“A listing on NASDAQ OMX First North enables transparency benefits that further strengthen our quality stamp when working with a global customer base,” said Veronica Augustsson, CEO at Cinnober. “In addition, as a publically traded company we are able to leverage our shares as payment in potential future acquisitions.”
“NASDAQ OMX is proud to welcome Cinnober to First North and our family of listed companies” said Adam Kostyal, Senior Vice President at NASDAQ OMX. “Cinnober will make a great addition to our technology sector and we look forward to supporting the company in its endavour as a publically traded company.”
Cinnober has appointed Avanza Bank AB as Certified Adviser.