Börse Hamburg and Börse Hannover go live with Scila Surveillance for Real Time Market Surveillance and Prevention of Market Abuse and Insider Dealing
Hamburg, Hannover, Stockholm - 7 Feb 2017
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.
For more information, please contact:
Phone +46 733 47 87 10
Börse Hamburg and Börse Hannover
Phone +49 511 327661
About Börse Hamburg and Börse Hannover
More than 14,000 securities are listed at Börse Hamburg and Börse Hannover, including equities, bonds, investment funds and certificates. Since 1999 both stock exchanges share the same operator, BÖAG Börsen AG, who is also running the trading platforms Fondsbörse Deutschland, Mittelstandsbörse Deutschland and Sparbriefbörse Deutschland.
Since 2007, Börse Hannover is initiator of the leading sustainability index for international stocks with the Global Challenges Index (GCX). In addition, 2015 the GERMAN GENDER INDEX was published - the first stock index, illustrating the diversity of corporate management.
For more information please visit www.boersenag.de
About Scila AB Scila is a FinTech company based in Stockholm, Sweden, but we act globally. Scila provides trading surveillance products built on many years of experience from both market surveillance and systems design. Scila systems use modern technology to give the customer a seamless route from detection of market abuse to presentable evidence. Scila delivers the future in modern market surveillance technology by offering trading venues, regulators and market participants the most competitive solution available.
For additional information about Scila AB, please visit www.scila.se