Cinnober recently announced the acquisition of the business and assets of Ancoa Software, the UK-based market surveillance specialist company.

This business forms a new subsidiary within the Cinnober group and Alastair Goodwin has now been appointed CEO for the entity, that will provide contextual surveillance and insightful analytics for exchanges, regulators, buy & sell-side firms.

Goodwins’s most recent position was Head of Business Development at Boat Services Ltd, a UK based Cinnober subsidiary that provides technology services to the banking and insurance sectors. Notably, he drove the partnership between Boat and the London Stock Exchange to bring together their reporting services and form TRADEcho. TRADEcho provides fixed income and equity trade publication, with MFID II on the horizon the service is being expanded to support all MiFID II asset classes. Before Boat, he worked at Goldman Sachs within the Equities One Delta Strategy team as an Executive Director. His focus being on emerging markets, market structure, trading cost and quality optimisation.

“Alastair has been crucial in how we during recent years have built and launched our market leading offering within trade reporting. He’s ideal to cultivate the significant potential we see in the Ancoa product and the talented development team behind it,” says Veronica Augustsson, CEO of Cinnober. “The surveillance service is a great addition to our product suite, complementing Cinnober’s traditional core market of exchanges as well as our newer initiatives with international banks and brokerages. I am confident that under Alastair’s leadership, Ancoa will be successfully integrated within the Cinnober group and that it will become a prosperous company, delivering a quality service.”

The Ancoa offering is based on a highly sophisticated, yet easy to deploy and simple to use, monitoring and surveillance platform that helps firms take full control of their regulatory, reputational and operational risks across markets, functions and asset classes. The customers of today includes Convergex, MarketAxess, Linear Investments, Energie Steiermark and Cenkos Securities. Following the acquisition Cinnober has started a three months’ integration phase to maximize synergies and leverage cost efficiencies.

Cinnober is a world-leading and independent supplier of financial technology to marketplaces and clearinghouses. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance. Customers include major exchanges with extreme demands on reliability and performance, such as the Australian Securities Exchange, B3 (formerly BM&FBOVESPA), Dubai Gold & Commodities Exchange, Euronext, Japan Exchange Group, Johannesburg Stock Exchange, the London Metal Exchange, LME Clear, NYSE and the Stock Exchange of Thailand.