Euronext.liffe plans to use the firm as the basis for its new wholesale service, which it says will offer customers straight-through processing (STP) from pre-trade price discovery to post-trade booking and administration. It is hoped this will facilitate trading in the wholesale equity derivatives business.
Cinnober, while continuing to provide technical development for CScreen, is expected to deliver the components for the new service.
The service will cover European blue-chip stocks and indices, including Belgian, Dutch, Finnish, French, German, Italian, Portuguese, Spanish, Swedish, Swiss and UK products.
Euronext.liffe’s provision of the service is subject to final FSA regulatory approval.
