Swedish firm Cinnober is working to support the regulatory regime with new tech
The impending extension of the clearing
obligation under Mifir includes a focus on the speed of
submission and clearing of trades, creating an opportunity for
technology firms to tap, with Cinnober just one firm working on
tech to meet the new regulatory dawn.
Veronica Augustsson, chief executive of
Swedish tech firm, Cinnober, said that the company is currently
working on developing a clearing house service to validate
timestamps, thus enhancing trading and clearing operations,
"making it easier and quicker for clients to enter trades."
Such a tech offering would be welcomed,
according to market participants as expedited submission and
clearing is key under Mifir. The rules present a number of
opportunities for firms across the sector, with technology and
collaborations likely to be on the horizon to support the new
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