Swedish trading technology vendor, Cinnober, has purchased a 3% stake in U.K. rival, FfastFill, Financial Times reports. Any deal will depend on Dublin-based private group, Ion Trading, which has a 25% stake in Ffastfill.
Cinnober, which has 12 million ordinary shares, owns software that can calculate risk in clearing systems in real time. Ffastfill provides derivatives trading and risk management to the front, middle and back office.
Click here for the story from Financial Times.