Scila builds confidence in financial markets
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.
The Scila systems are turnkey solutions for trading venues, trading participants and regulatory bodies that seek to apply modern technology to obtain a seamless route from detection to presentable evidence. To meet the demands from the modern trading environment, Scila not only monitors for traditional scenarios, but also for high frequency trading, pattern recognition and relationships.
Based on the same foundation, the Scila products aim at delivering shorter time-to-market, lower total cost-of-ownership and improved user experience. The result is a flexible and highly efficient solution with standardized connectivity protocols, capable of handling thousands of millions of transactions every day. Scila delivers a technology that has proven to be extremely successful for some of the largest trading venues in the world.
Scila Surveillance is the most successful system in recent years when it comes to real time trading surveillance for trading venues. It is a multiasset tool from the ground and up, handling all asset types, for example, equities, futures, options, f/x, indices, electricity futures and spots. Some of the main features are integrated case management, flexible replay functionality, an extremely powerful search capacity and a state-of-the art graphical order book. On top of that Scila Surveillance is delivered with a rich alert rule portfolio covering a wide range of scenarios from market abuse to trading rule violations. In short, it is a smarter surveillance solution.
With new legislation and regulation, there is an increased pressure on investment banks and brokers when it concerns monitoring their own and their clients’ trading and monetary transactions. Scila Compliance gives both the first and second line of defence a powerful tool for trading and internal control. On top of that, Scila Compliance brings added value by gathering and presenting trading data to be used by for example, the business development department and the management. Scila closely follows regulatory developments such as MiFID II, MAD, ESMA Guidelines, Dodd Frank and AML rules to be able to deliver a compliant application for trading control and internal control.
Read more about Scila Compliance here.
Scila Surveillance and Scila Compliance are off-the-shelf products that can be customized to customer-specific needs. To most regulators we offer a custom-made solution, built on the same foundation as Scila Surveillance and Scila Compliance. Depending on the regulatory responsibility, it can be something very close to Scila Surveillance, or something tailored to the needs of the regulatory body.
Scila is based in Stockholm, Sweden, but we act globally. Our current customers are in Europe, Asia and the MENA region.
Founded in 2008, Scila has been tremendously successful in a very short time and profitable from the start.
Scila is independent of trading venues, investment banks, brokers and regulators and focuses on product development only. Cinnober Financial Technology, a world leading, independent technology provider, distributes the Scila systems.
Scila is independent of trading venues, investment banks, brokers and regulators and focuses on product development only.
The list of customers gives an idea of the immediate success of the Scila products. Among the customers are big names such as London Stock Exchange and Deutsche Börse Group, as well as ambitious contenders like the Swedish Burgundy and LMAX, based in Great Britain.