IPSX Selects Scila for Real Time Market Surveillance
London, Stockholm - 10 Feb 2017
Scila, the leading independent market surveillance technology provider, today announced that the United Kingdom based International Property Securities Exchange (IPSX) has selected Scila Surveillance for real time market surveillance on the first regulated exchange for trading securities in commercial real estate assets.
“I am delighted to announce our partnership with IPSX, a truly innovative initiative which will build a bridge between traditional exchange trading and commercial real estate. From our start in 2008, Scila has been a strong proponent of innovation in this sector and we are proud to collaborate with IPSX and provide a state of the art market surveillance solution.”, says Lars-Ivar Sellberg, Executive Chairman and one of the Co-Founders at Scila.
“IPSX will benefit from a highly flexible and scalable real time market surveillance solution, covering all types of securities trading, now also including real estate.”, adds Lars Gräns, Head of Sales at Scila.
IPSX intends to create the world’s first fully regulated securities exchange for commercial property. The Exchange will be dedicated to the admission and trading of special purpose vehicles (SPVs) holding a single commercial property asset, establishing commercial real estate as the fourth mainstream asset class alongside cash equivalents, equities and bonds by providing a cost effective and flexible capital markets solution for the sector. The exchange intends to launch in mid-2017.
“From launch it is critical that IPSX immediately provides the highest level of confidence to investors and market participants in its trading environment. To achieve this, the Exchange requires a sophisticated, real time surveillance system that can effectively process the transactions conducted on our hybrid trading platform. We selected Scila Surveillance because not only does it meet our current needs, but importantly it also offers the essential scalability and flexibility we require as our market grows and our trading model evolves.”, says Cyril Théret, Chief Executive Officer of IPSX.
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 among others. Scila systems have been deployed at over 30 sites since 2008.
For more information, please contact:
Phone +46 733 47 87 10
Phone +44 (0) 20 3745 4960
Phone +44 (0) 20 3745 4963
The International Property Securities Exchange (IPSX) intends to launch in 2017 as the first regulated exchange dedicated to the admission and trading of securities in commercial real estate assets. This new proxy for direct investment will establish commercial real estate (CRE) as the fourth mainstream asset class alongside cash equivalents, equities and bonds by providing a regulated, cost effective and flexible capital markets solution to the CRE sector. The exchange’s two market segments, Prime and Wholesale, will provide a platform that caters to the needs of the industry today, offering standardisation through the creation of a new regulated security class with greater transparency, liquidity and attractive yields. For the first time, consistent and validated CRE data with exchange driven price formation will be available to produce accurate investment performance indices.
Further information on the IPSX is available at www.ipsx.com
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