German bourses go live with Scila Surveillance

Source: Scila

Börse Hamburg and Börse Hannover, have gone live with Scila Surveillance provided by the Stockholm based leading independent surveillance technology provider Scila.

Scila has implemented and delivered a powerful and highly flexible real time market surveillance solution which will cover trading in equities, bonds and funds at Börse Hamburg and Börse Hannover.

“I am proud to announce that Börse Hamburg and Börse Hannover have gone live with Scila Surveillance, our market leading surveillance system. Investors and end clients using their platform can remain confident that trading is done in a fair, transparent and orderly manner”, 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 in Germany, Europe and globally.

“The installation at Börse Hamburg and Börse Hannover is the latest addition of clients in the exchange sector, and we are honored to have been chosen as a technology provider. As two marketplaces, known for their innovative achievement, Börse Hamburg and Börse Hannover are the perfect match for Scila. To this date, our systems have been deployed at over 30 sites globally since 2008”, says Lars Gräns, Head of Sales at Scila.

“A faster trading environment and a new legislation and regulatory framework in stock exchange trading require an adequate reliable surveillance solution. We believe Scila Surveillance will support our market surveillance team in the best way ensuring maximum technical assistance”, says Dr. Thomas Ledermann, Managing Director of Börse Hamburg and Börse Hannover.

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