Augustsson's firm wins €2.5m grant from European Union to invest in software
The chief executive of Cinnober has said
investment banks could provide a far larger commercial
opportunity than the exchanges that it has worked with until
now after winning support from the European Union to develop a
Cinnober said on Wednesday it has been
chosen by the European Union to receive a grant of €2.5m
to finance work on a client clearing system for investment
banks, marking a real boost for the tech vendor as it looks to
move into a new market.
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