Bitstamp to adopt trade surveillance solution from Cinnober
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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)
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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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