German Exchange, Börse Berlin, has chosen to implement Scila Surveillance, a powerful and highly flexible real-time market surveillance solution provided by Stockholm-based fintech company Scila.
Scila Surveillance will be used by Börse Berlin to monitor and prevent market abuse and insider dealing, protecting investors while boosting the confidence in financial markets.
A reliable realtime surveillance of trading is one of the core elements at a regulated market for securities.
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Lars-Ivar Sellberg, Executive Chairman and a co-founder at Scila, commented: “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.”
Scila provides real-time market surveillance solutions to a 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.
Dr. Jörg Walter, Joint CEO of Börse Berlin, said: “A reliable 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. Scila´s Surveillance solution is a well estabablished technical system that will help us to ensure fair and orderly trading at all times in an ever faster trading environment.”