Bitstamp to adopt trade surveillance solution from Cinnober

Bitstamp, the Luxembourg-based cryptocurrency exchange, announced it would be adopting the trade surveillance solution, Irisium, provided by Cinnober, a Swedish exchange technology provider. According to Irisium's website, its market surveillance solution "helps prevent, detect and manage the risk of market manipulation practices across markets, functions and asset classes." Earlier this month, Bitstamp announced it had replaced its trading engine with Cinnober's TRADExpress Trading System, which the exchange says will increase the speed of order matching by 1,200x. In September, the U.S. Nasdaq exchange acquired Cinnober for an undisclosed sum. (Source: Bitstamp)