The Options Clearing Corporation will replace its current clearing system with the help of Cinnober.
Nasdaq now controls 98.2% of the total shares in Cinnober after shareholders approve increased bid of $220 million.
Initial offer of SEK 75 per share made in September increased to SEK 87 as Nasdaq seeks to tie up deal for Swedish technology provider.
The UK’s Competition and Markets Authority has invited comment on Nasdaq’s proposed acquisition of Cinnober.
Nasdaq makes acquisition play for Swedish technology provider to build out the technology and analytics capabilities of its Market Technology business.
Veronica Augustsson has worked at Cinnober for 16 years, but has been replaced by recently appointed CFO Peter Lenardos.
Peter Lenardos joined Cinnober in April as a senior financial advisor from Royal Bank of Canada.
Acquisition set to ‘deepen’ Cinnober’s product portfolio.