New York Stock Exchange to implement surveillance technology developed by Scila
NYSE Regulation, a not-for-profit subsidiary of NYSE Group, has chosen to implement state-of-the-art market surveillance technology developed and powered by Scila in Stockholm for NYSE Group’s equities and options exchanges, including the New York Stock Exchange.
“We are extremely proud to provide our market surveillance technology to the world's premier exchange, the New York Stock Exchange.” says Scila Executive Chairman Lars-Ivar Sellberg. “NYSE Regulation has chosen technology which is flexible and allows them to conduct multi-market surveillance using one of the most advanced solutions available in the market,” he continued.
“NYSE Regulation looks forward to working with Scila as we expand our market surveillance, investigation and enforcement capabilities to oversee and enforce a robust regulatory program for NYSE Group’s exchanges,” says NYSE Regulation CEO Mary Brienza.
NYSE Regulation performs various regulatory duties on behalf of the New York Stock Exchange, NYSE Arca and NYSE MKT, including administering surveillance, enforcement, and disciplinary programs to ensure member firms’ compliance with exchange rules and federal securities laws, as well as monitoring and enforcing compliance by listed companies with listing standards. It is a wholly-owned, not-for-profit subsidiary of New York Stock Exchange LLC.
Scila is working with financial technology firm Cinnober to deliver the next generation of market surveillance technology to NYSE Regulation. In addition to exchanges, Scila is delivering surveillance technology to regulators and market participants across the globe.
For more information:
Lars-Ivar Sellberg
Executive Chairman
Phone: +46 733 47 87 10
About NYSE Group
NYSE Group is a wholly-owned subsidiary of Intercontinental Exchange (NYSE: ICE), operator of the leading global network of exchanges and clearing houses. NYSE Group operates multi-asset exchanges, and a range of related data products and technology services. The company’s equity exchanges - the New York Stock Exchange, NYSE MKT and NYSE Arca - trade more U.S. equity volume than any other exchange group. NYSE is the global leader in capital raising for listed companies, including the majority of technology IPOs globally in 2013. The company’s equity options markets, NYSE Arca Options and NYSE Amex Options offer complementary market models. NYSE Group also provides comprehensive global connectivity services and a range of market data products to support efficient, transparent markets.
About Scila AB
Scila provides trading surveillance products built on many years of experience from both market surveillance and systems design. Scila Surveillance uses 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
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