Scila Announces Deal with Irish Stock Exchange (ISE) – To Provide State of the Art Surveillance Technology
The Irish Stock Exchange (ISE), the Dublin-based exchange, has chosen to implement Scila Surveillance, provided by the leading independent Stockholm-based surveillance technology provider Scila. The ISE will deploy Scila Surveillance for the surveillance of their trading on its markets. Deutsche Börse will take over the hosting and support of the Scila surveillance infrastructure, which will be located in Frankfurt.
“The Irish Stock Exchange is investing in proven technology, which has been implemented at major exchanges, trading firms and regulators across the globe since our start in 2008”, says Lars Gräns, Head of Sales at Scila.
“We are delighted to announce our cooperation with the Irish Stock Exchange. Scila systems are flexible, cost effective and come with a large suite of value added functionality, including for example e-communications and algorithmic monitoring tools”, says Lars-Ivar Sellberg, Executive Chairman of Scila.
The Irish Stock Exchange is a global leader in the listing of debt and fund securities and is the centre of liquidity for trading shares in Irish companies. With over 32,000 securities listed on its markets, the ISE is the exchange of choice for over 4,000 issuers from 80 countries to raise funds and access international investors. In recent years the ISE has witnessed consistently strong growth in equity trading activity. Trades reported to ISE Xetra grew by 30% in 2014 to 4.5 m, the highest ever recorded on the ISE. This increase in trading volumes continued into Q1 2015 where 1.4 m trades were reported, up more than 26% on Q4 2014.
"Market integrity is core to the ISE and our implementation of Scila Surveillance further delivers to this. Scila positions the ISE to quickly adapt our surveillance techniques as trading strategies evolve and also for upcoming EU regulatory changes in the market supervision area", says Daryl Byrne, Head of Regulation at the Irish Stock Exchange.
For more information, please contact:
Scila AB –
Lars-Ivar Sellberg
Executive Chairman
Phone +46 733 47 87 10
Irish Stock Exchange –
Ailish Byrne
Head of Public Affairs and Communications
+353 1 617 42 66
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
About Irish Stock Exchange The Irish Stock Exchange plc is a public company limited by shares. It operates four markets - the Main Securities Market for listing debt, shares, investment funds and exchange traded funds; the Global Exchange Market for listing debt and the Enterprise Securities Market and the Atlantic Securities Market for companies raising equity. The ISE offers membership to trade shares and Irish Government bonds, distribute data and announcements and provides LEI and ISIN code services.
For additional information about the Irish Stock Exchange, please visit www.ise.ie
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