Börse Berlin implements Scila Surveillance

Source: Scila

Börse Berlin, the German exchange founded in 1685, has chosen to implement Scila Surveillance, provided by the Stockholm-based leading independent surveillance technology provider Scila.

Scila will provide Börse Berlin with a powerful and highly flexible real-time market surveillance solution. Scila Surveillance will be used by Börse Berlin to monitor and prevent Market Abuse and Insider Dealing, protecting investors and strengthening confidence in the financial markets.

Berlin, Stockholm, 9 Dec 2016. “Börse Berlin is investing in proven technology deployed at over 30 sites since 2008. By deploying a next generation surveillance system, investors and end clients can remain confident that trading is done in a fair, transparent and orderly way “, says Lars-Ivar Sellberg, Executive Chairman and one of the Co-Founders at Scila.

Scila provides real-time market surveillance solutions to a wide range of financial industry firms, including exchanges, regulators and trading firms. Exchanges using Scila technology include Deutsche Börse, New York Stock Exchange, London Stock Exchange and a wide range of regional and specialized market places. The system is fully compliant with Market Abuse Regulation (MAR) and includes a broad selection of alert rules and reports, powerful search and replay functionality as well as visualization views.

“I am glad to announce our partnership with Börse Berlin, a respected market place with a long history and a very impressive offering of financial products to investors in Germany via their Xontro platform”, says Lars Gräns, Head of Sales at Scila.

„A realiable realtime surveillance of trading is one of the core elements at a regulated market for securities. We trust in Scila Surveillance as the ideal technical support for our experienced market surveillance team”, says Dr. Jörg Walter, Joint CEO of Börse Berlin. “Scila´s Surveillance solution is a well established technical system that will help us to ensure fair and orderly trading at all times in an ever faster trading environment.”

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