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Nasdaq, the world’s second-largest stock exchange, has made an all-cash offer of $190 million to acquire Cinnober, a major Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide.

“The combined intellectual capital, technology competence and capabilities of Cinnober and our Market Technology business will expand the breadth and depth of our fastest growing division at Nasdaq,” says Adena Friedman, president and CEO, Nasdaq. “Not only have the global capital markets continued to evolve rapidly, new marketplaces in various industries are demanding market technology infrastructure that enables rapid growth and scale as well as access to tools to promote market integrity. This acquisition will enhance our ability to serve market infrastructure operators worldwide, and will accelerate our ability to expand into new growth segments.”