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Milestone achievement for Cinnober as it seeks to broaden its real-time clearing and risk management offering to banks and brokers

Cinnober’s Minium signs Marex Spectron as its first client

June 5, 2018

Milestone achievement for Cinnober as it seeks to broaden its real-time clearing and risk management offering to banks and brokers

Cinnober’s wholly owned subsidiary Minium Financial Technology Ltd (“Minium”) today announces that it has been selected by Marex Spectron (“Marex”) to deliver a cloud-based real-time risk management platform to support Marex’s growth in exchange-traded derivatives and FX.

The solution will allow Marex, a leading global broker of financial instruments in the commodities sector, to enhance its monitoring of counterparty risk in real‐time across multiple asset classes. Marex will leverage Minium’s real‐time risk management solution to consolidate a number of legacy systems it currently uses into a single platform with additional key features, including initial margin and valuation replication over 24 global CCPs with the ability to perform simulations in a number of scenarios.

Commenting on the announcement, Veronica Augustsson, CEO of the Cinnober Group said: "We are committed to continuing to expand our group's operations through the growth of Minium and are extremely pleased that Marex has chosen to implement Minium’s risk solution as the pilot client. We see this deal as an important milestone which is a testament to our commitment to provide innovative technology solutions that eliminate outstanding inefficiencies. Innovative firms like Marex share our vision of the great potential that digitization holds in the risk management and in post-trade at banks and brokerages.”

Minium was established to offer real-time clearing and risk management solutions and services to international banks and brokers, building on Cinnober's existing technology and expertise. Minium's solutions seek to modernize and streamline client clearing services and provide improved risk management to the banking sector. This is an area that is continuously faced with new regulations, tougher capital requirements, and high spending resulting from the use of legacy IT infrastructures.

Marex’s risk management system will be delivered in phases, beginning in Q4 2018.

About Marex Spectron Group Limited
Marex Spectron is a leading global commodities brokerage, with significant market share of many major Agricultural, Metal and Energy products. Headquartered in London, Marex Spectron’s extensive international network covers Europe, Asia and North America markets.
State-of-the-art electronic and voice broking services facilitates all types of trading strategies. This is backed by decades of experience, with Marex Spectron placing great emphasis on intellectual knowledge and insight, alongside access to extensive data sets and the latest analytical tools.
Clients are commodity producers and consumers, banks, hedge funds, asset managers, brokers, commodity trading advisors and professional traders.
Global exchange memberships include, amongst others, the London Metal Exchange (LME), CME Group and ICE Group.
Marex Spectron is regulated in the UK by the FCA, in the US by the NFA and CFTC, in Hong Kong by the SFC, and in Singapore by the MAS.
For more information visit www.marexspectron.com

About Minium Financial Technology
Minium is part of Cinnober Group, the world leading independent provider of software to exchanges and clearinghouses, with clients including APEX, B3, DGCX, JPX, JSE and LME Clear.
Minium’s vision is to deliver scalable and powerful software to banks and brokers that will modernise their risk and post-trade processes, in the same way that its parent Cinnober has revolutionised risk and post-trade for clearinghouses.
Our cutting-edge technology enables banks and brokers to transform their business and reinvent the way they engage with their clients in the digital age.
Not only does Minium’s Cloud-hosted core solution support both risk and post-trade processing across multiple asset classes, but it is also modular meaning our clients will be able to select the modules that suit their specific business needs.
For more information please contact info@miniumtech.com or call +44 20 3735 4777.

About Cinnober
Cinnober provides solutions and services to leading trading and clearing venues, including exchanges, clearinghouses, banks and brokers. Cinnober’s solutions are largely based on the TRADExpress™ Platform, incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance.
Cinnober’s customers include the Asia Pacific Exchange, Australian Securities Exchange, B3, Dubai Gold & Commodities Exchange, Euronext, Japan Exchange Group, Johannesburg Stock Exchange, the London Metal Exchange, LME Clear, NYSE and the Stock Exchange of Thailand.
Using its extensive experience in financial technology, Cinnober has broadened its reach through the establishment of highly specialized and competitive subsidiaries. Today, three such subsidiaries exist within trade reporting and transparency, post-trade and client clearing and trade surveillance and analytics.
Cinnober’s shares are traded on the Nasdaq First North exchange and the company’s Certified Advisor is Avanza. For additional information, please visit www.cinnober.com.

Source: Cinnober