Cinnober Financial Technology : Continued inflow of new customers to TRADEcho

Since the start of Q4 2017, Cinnober signed agreements with an additional 168 clients for TRADEcho, taking the total number of customers to 548.

'MiFID II, which went live on the 3rd of January 2018, represents a new and more complex world for all market participants. We saw a substantial inflow of small to medium sized investment firms opting for TRADEcho towards the end of the year,' says Cinnober CEO Veronica Augustsson. Following the introduction of MiFID II we have seen a significant number of trades reported into TRADEcho in new MiFID II asset classes. It is too early to draw any conclusions about market volumes after only a few days and it will take time before we can see how the market has changed. The 3rd of January was an important milestone for us and we look forward to seeing how TRADEcho and the market will develop over the course of 2018.'

TRADEcho, which offers transparency services to investment firms to meet their reporting obligations under the new European regulation, is provided in partnership between Cinnober's subsidiary Simplitium and the London Stock Exchange Group (LSEG).