Öhman Capital chooses Scila Compliance

Öhman Capital meets the increased regulatory pressure by implementing Scila Compliance from the leader in trading surveillance technology, Scila. Following the company’s success in the trading venue market, Scila now enters the compliance space with its recently developed software, Scila Compliance. 

“To be able to continue our successful business, it is very important for us to stay in the forefront and to comply with ESMA guidelines so we are very happy to start this cooperation with Scila” Ronny Jacobsson, CEO at Öhman Capital, says.

Scila has been very successful in the trading venue market, and among the customers are giants such as Deutsche Börse Group and London Stock Exchange Group, as well as local venues; Qatar Exchange; Stock Exchange of Thailand; LMAX among others.

“We find the compliance market very interesting and the need for trading surveillance technology at investment banks and brokers is likely to increase substantially going forward”, says Lars-Ivar Sellberg, Scila’s Executive Chairman. “Öhman Capital is a very well respected participant in the market, with a long and successful history. We are very pleased to deliver our modern and flexible technology to a broker with such a reputation”.

Scila Compliance is built on the same platform as Scila Surveillance. This ensures that important demands from the compliance community are met, such as; performance; redundancy; quality; ease of customisation; ease of deployment and ease of operation. Customers can choose from a hosted solution or having the system deployed in its own environment.

Added functionality in Scila Compliance is an Anti Money Laundering module with specific alert rules for detection of money laundry scenarios, including account transactions. Having all transactional data from todays fragmented market, both trading and cash transactions gives the customers a central system that can be very useful in other areas of the organisation, not only Compliance and Trading Control. Scila Compliance adds value to the whole company, i.e. management and business development.

The alert portfolio is continuously updated according to ESMA Guidelines, MiFID, MAD and other regulatory and legislatively initiatives.

By using automatically generated reports, it is easy to comply with both general transaction-reporting obligations to competent authorities/regulators, as well as suspicious transaction reporting. “With Scila Compliance we now can offer state-of-the-art trading surveillance to a wider range of customers”, says Mats Wilhelmsson, COO at Scila. “The user friendliness and flexibility from Scila Surveillance is of course available also in the new product, but since all alert rules are parameterised on delivery, it is ready to do its job from turning on the switch”.

For more information

Lars-Ivar Sellberg

Executive Chairman

Phone 46 733 47 87 10

Mats Wilhelmsson

Chief Operating Officer

Phone 46 703 61 52 81

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. Scila’s sales and marketing partner Cinnober Financial Technology owns a minority stake in Scila AB and there is an exclusive sales agreement between the two companies. For additional information about Scila AB, please visit www.scila.se

About Öhman Capital Öhman Capital is a Stockholm-based investment and trading firm that provides qualified investment advisory services and quantitative analysis to institutional clients. The firm also offers and distributes structured financial products issued by third parties to potential investors.

Öhman Capital is engaged in financial trading for its own account, and as a market maker for derivative instruments and exchange traded funds. This includes issuing and providing a second-hand market for warrants, certificates and other exchange traded investment products.

Öhman Capital is part of the Öhman Group, which offers a broad cross-section of high-quality financial services – in particular asset management. The parent company E. Öhman J:or AB was founded in 1906 under the name of “Bankirfirman Öhman”.

For additional information about Öhman Capital, please visit www.ohman.se

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About Us

Confidence is one of the most important assets of any market place, market participant, or regulator. Without confidence in the market, investors will choose other alternatives for their investments.Scila provides surveillance tools built on many years of experience from both market surveillance and systems design. The products use the latest technology to offer the customer a seamless route from detection to presentable evidence.At the same time, you benefit from the vast amount of useful order and trading data that can be derived from your Scila solution. Whether you use Scila Surveillance, Scila Compliance, or Scila Regulator you add confidence to your part of the market.

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Quotes

“We find the compliance market very interesting and the need for trading surveillance technology at investment banks and brokers is likely to increase substantially going forward”
Lars-Ivar Sellberg, Scila’s Executive Chairman
“Öhman Capital is a very well respected participant in the market, with a long and successful history. We are very pleased to deliver our modern and flexible technology to a broker with such a reputation”
Lars-Ivar Sellberg, Scila’s Executive Chairman
“To be able to continue our successful business, it is very important for us to stay in the forefront and to comply with ESMA guidelines so we are very happy to start this cooperation with Scila”
Ronny Jacobsson, CEO at Öhman Capital
“With Scila Compliance we now can offer state-of-the-art trading surveillance to a wider range of customers”
Mats Wilhelmsson, COO at Scila