Bitstamp announced a partnership with Cinnober, a global independent provider of technology solutions for the finance industry, to replace its in-house developed matching engine with Cinnober’s TRADExpress Trading System. The licensed and customized software will be hosted and operated by Bitstamp.
The recent official announcement of Nasdaq states that the firm made a bid of $190m to buy Cinnober. Nasdaq, a leading and the world’s second largest stock exchange claims that the acquisition would “strengthen its position” to be the “world’s leading market infrastructure technology providers” but there is no further or updated information provided by NASDAQ regarding final result of the deal.
FULL ARTICLE: Cryptovibes