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The 2015 Trading Technology 40: Veronica Augustsson

#32 Veronica Augustsson, Chief Executive Officer, Cinnober Financial Technology

32
Veronica Augustsson
Chief Executive Officer
Cinnober Financial Technology

For most of its 17-year life, Cinnober Financial Technology has competed against the likes of Nasdaq OMX Group and London Stock Exchange Group’s MillenniumIT, but without comparable brand recognition. As Cinnober’s specialty, posttrade systems, came into the spotlight because of postcrisis regulatory and cost pressures, the Stockholm-based company thrived by installing its TRADExpress platform at Brazil’s BM&FBovespa, Intercontinental Exchange’s Liffe and other infrastructure-upgrading markets around the world. Now Cinnober and its 36-year-old CEO, Veronica Augustsson, have raised their sights to end-to-end market automation. At least one financial marketplace, its name as yet undisclosed, is preparing to go live early this year with an exchange-tailored version of SaaS, or software as a service: Cinnober will carry the full technology load so the client “can focus on their business,” says Augustsson, a 15-year Cinnober veteran and CEO since October 2012. Included in the turnkey package is surveillance, an increasingly in-demand oversight and compliance offering from Cinnober and its Scila Surveillance affiliate. Scila scored a coup in October when ICE’s NYSE Regulation became a customer. Last year Cinnober signed a TRADExpress deal with Euronext to enable creation and clearing of derivatives products and took control of Markit’s BOAT trade reporting service, which rivals BATS Chi-X Europe’s BXTR. “During the financial crisis banks and brokers were capping costs and downsizing fees,” Augustsson says. “Now they’re more open to buying standard services and products.” She believes Cinnober is in a position to help clients with transaction management functions such as collateral optimization and with technology tools and services to avoid outages.

The 2015 Trading Technology 40

1
2
3
4
5
Kevin Kometer
CME Group
Richard Prager
BlackRock
Raymond Tierney III
Bloomberg Tradebook
Jonathan Ross
KCG Holdings
Charles Vice
Intercontinental Exchange
6
7
8
9
10
Chris Isaacson
BATS Global Markets
Bradley Peterson
Nasdaq OMX Group
Brad Levy
MarkitSERV
Dan Keegan
Citi
Ronald DePoalo
Fidelity Institutional
11
12
13
14
15
Gerard Beatty
Goldman Sachs Group
Gerald O'Connell
CBOE Holdings
Brenda Hoffman
TMX Group
Billy Hult
Tradeweb Markets
Nicholas Themelis
MarketAxess Holdings
16
17
18
19
20
Bina Kalola
Bank of America Merrill Lynch
Gil Mandelzis
EBS-BrokerTec (ICAP)
Steven Randich
Financial Industry Regulatory Authority
Jerry Dobner
GFI Group
Michael Liberman
BlueMountain Capital Management
21
22
23
24
25
Bill Chow and Richard Leung
Hong Kong Exchanges and Clearing
Jamie Selway
Investment Technology Group
Brad Katsuyama
IEX Group
John Mackay (Mack) Gill
MillenniumIT
Jamil Nazarali
Citadel Execution Services
26
27
28
29
30
Robert Cornish
International Securities Exchange
Tyler Moeller andJoshua Walksy
Broadway Technology
Rishi Nangalia
REDI Holdings
Manoj Narang
Tradeworx,
Thesys Technologies
Oki Matsumoto
Monex Group
31
32
33
34
35
Alasdair Haynes
Aquis Exchange
Veronica Augustsson
Cinnober Financial Technology
Stu Taylor
Algomi
Luís Otávio Saliba Furtado
BM&FBovespa
Tal Cohen
Chi-X Global Holdings
36
37
38
39
40
Donal Byrne
Corvil
R. Cromwell Coulson
OTC Markets Group
Alfred Eskandar
Portware
Richard Korhammer
SR Labs
Hazem Dawani
OptionsCity Software


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