Börse Düsseldorf goes live with real-time market surveillance from Scila

Source: Scila

Börse Düsseldorf, the German exchange, has gone live with Scila Surveillance for real time market surveillance covering equities, funds and equity linked products (ETFs, ETNs).

Scila Surveillance is a powerful and highly flexible solution developed and delivered by the leading independent trade surveillance technology solution provider Scila in Stockholm.

“Börse Düsseldorf will use our market surveillance solution to prevent market abuse, specifically attempted market manipulation and insider dealing and therefore ensure trading is done in a fair, transparent and orderly way. Surveillance is a critical part of exchange trading infrastructure and we pride ourselves in delivering the best solution possible.” says Lars-Ivar Sellberg, Executive Chairman and one of the Co-Founders at Scila.

“With the excellent addition of Börse Düsseldorf to our list of clients, Scila Surveillance now covers a vast majority of all securities trading on German exchanges.”, adds Lars Gräns, Head of Sales.

In addition to Börse Düsseldorf, Scila Surveillance is in production at Deutsche Börse Group (including Eurex and Xetra), Börse Berlin and Börsen Hamburg-Hannover. Other exchanges using Scila technology include New York Stock Exchange, London Stock Exchange, Stock Exchange of Thailand, Dubai Gold and Commodities Exchange, Irish Stock Exchange among others.

In addition to exchanges, market participants and regulators are also using Scila systems to conduct market surveillance to detect and prevent market abuse and monitor securities trading. The system is delivered with a broad selection of alert rules and reports, powerful search capabilities and as well as replay and visualization functionality.

“We are pleased about having found with SCILA AB a high-capacity partner, who optimally supports the trading surveillance team with a high performant and flexible software solution to fulfill the continuously increasing regulatory and trading-specific requirements”, says Thomas Dierkes, Managing Director of Börse Düsseldorf.

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