Builds Confidence In Markets
Scila is a fintech company from Stockholm, Sweden, founded in 2008. Scila has customers around the globe and has been tremendously successful and profitable from the start. Our mission: support investor confidence by providing tools to all market participants to identify market abuse, risk or financial crimes quickly and effectively.
Our philosophy
The company Scila was founded early 2008. All of the founders have a background either from surveillance departments or working with high-throughput transactional technology within the financial industry. Throughout the rapid growth of the Scila company a strong focus has been maintained on the recruitment of top-talent.
This solid base of superior domain and technology knowledge has been combined with a strategy of independence from any market participant and no reliance on external capital. This very deliberate strategy gave Scila both the focus and freedom to develop innovative products that deliver true value to the customer.
Scila embraces the customer not only as the ultimate arbitrator of excellent products within surveillance and risk but also recognizes feedback and discussions with the customers as the valuable commodity it is. Scila considers the deployment of Scila Surveillance, Scila AML and Scila Risk at a new customer not an end in itself but as the starting point of a long partnership where the delivery of excellent support is just as important as the product itself.
Scila Surveillance, Scila AML and Scila Risk installations around the world constitute an important part of the overall structure at regulators, exchanges and firms that uphold market integrity, build confidence in markets and ultimately protect end investors.
Scila Surveillance™
A turnkey market surveillance solution for exchanges, trading participants and regulators that seeks to apply modern technology to obtain a seamless route from early detection of market abuse to presentable evidence. The solution covers all asset classes and market models and has been deployed for over 70 clients in more than 30 countries since 2008.
Scila Risk™
A modern risk solution for market participants and operators offering a real-time view of position valuations and portfolio risk and lets users drill down calculations all the way to the underlying market data.
Scila AML™
Anti-money laundering solution allowing it’s users to comply with regulation while detecting and managing fraudulent actions.
Scila Buy-Side Compliance™
Helping buy-side firms to comply smarter with an agile regulatory landscape.
Target audience
Exchanges and Trading Venues
Confidence is fundamental for an exchange, and Scila technology is used by some of the leading exchanges and trading venues around the globe. Users include Deutsche Börse (Eurex and Xetra) among others.
Scila Surveillance is a high throughput real time system which can process millions of transactions per second. Clients can choose from a selection of 100+ alert rules and reports which can be customized to set up the optimal trade surveillance tool for every individual need.
Scila Risk gives the exchange a real time view of positions, sensitivities and portfolio risk. The risk calculations can either integrate with the clearing house risk system or provide a second opinion risk figure using a different algorithm. Risk calculations from different clearing silos can be integrated to give a cross-asset view.
Market Participants and Brokers
With new legislation and regulatory framework such as Market Abuse Regulation (MAR), REMIT and MIFID 2 there is an increased pressure on market participants (such as banks, trading firms and investment firms) and brokers when it concerns market surveillance and risk.
Scila Surveillance is a real time market surveillance system used by market participants and brokers trading a wide range of asset classes globally. A wide selection of industry standard alert rules and standard protocols for connectivity ensures a smooth implementation.
Scila Risk calculates position values and sensitivities in real time using several price models in parallel. Portfolio risk can also be calculated with different algorithms or different algorithm configurations in parallel. Risk calculations are continuously backtested against observed price changes. What-if calculations can be used to find the effect of a trade, market shift or risk model change and to predict margin requirements.
Regulators
Regulatory Authorities in both financial and energy markets can use Scila Surveillance to monitor and prevent abuse by consolidating multiple platforms and exchanges to get a consolidated view of all transactions which fall under their jurisdiction.
Scila Risk provides regulators with a cross-exchange view of market participant risk. Portfolios can be aggregated or split in time, instrument or corporate hierarchy dimensions. Risk calculations can be made using historical positions and market data.
The systems are industry standard solutions by both exchanges as well as market participants. Output in the form of alerts, graphical analysis and transaction data can easily be exported into presentable evidence.
Success stories
Deutsche Börse Group
Deutsche Börse Group, one of Europe’s largest exchange groups and global leader in derivatives trading, is using Scila technology for real-time surveillance of all trading activity conducted on Eurex, Xetra and 360T. Deutsche Börse Group has used Scila surveillance technology since 2010.
Highlights
• Real-time market surveillance of Xetra (Equities), Eurex (Derivatives) and 360T (Foreign Exchange)
• Scila Surveillance process up to 5 billion messages daily
Customer examples
News
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Scila AB Announces Erste Group Goes Live with Advanced Trade Surveillance Solution
Stockholm and Vienna – 27 September 2024Scila AB, the Stockholm-based leading independent provider of trade surveillance, risk management and anti-money laundering (AML) technology has announced that Erste Group, a major […]
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Scila Newsletter 2024 Q3 – Scila User Group 2024: A Resounding Success!
We’re thrilled to report that the Scila User Group, held from September 17-19, 2024, was a resounding success! This year’s event brought together our global community of regulators, exchanges, market […]
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Scila Newsletter 2024 Q2 — The FTX Fallout: A Wake-Up Call for Vigilance in FX and Crypto
The implosion of FTX serves as a stark reminder of the inherent risks within the cryptocurrency and financial landscapes. While there are consequences for Bankman-Fried and most customers will receive […]
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Scila Newsletter 2024 Q1 – Speed is important – in our products
Scila has enjoyed a great deal of success – mainly because of happy customers informing other individuals and firms that they should take a look at us and our products […]
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Scila Newsletter 2023 Q4 – Scila integrates Generative AI into the Market Surveillance System
Scila is taking a step towards integrating artificial intelligence into our market surveillance product Scila Surveillance™. The main focus will be on Generative AI and Language Learning Models (LLMs) which […]
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Automatic Voice Trade Surveillance – Master thesis in cooperation with Uppsala University
Martin Sundberg and Mikael Ohlsson have, as part of their studies at Uppsala University, published a master’s thesis in collaboration with Scila. Their thesis “Automatic Voice Trading Surveillance: Achieving Speech […]
Upcoming events
FIA EXPO Chicago
The Scila team will be at the FIA EXPO in Chicago again this year – please come and meet us at our booth (#208) and find out what’s new with Surveillance, Risk and Position Limits.
FIX France Trading Conference
Scila AB is excited to be participating in the FIX Trading Community’s France Trading Conference 2024. We look forward to engaging with industry leaders and discussing the latest trends and challenges in electronic trading. Connect with our team at the event to learn more about our innovative trade surveillance and risk management solutions.
FIA Asia Derivatives Conference
Join Scila at the premier event for Asia Pacific – the FIA Asia Derivatives Conference in Singapore. Get updates on on regulatory and market trends – Come and see insights in how to manage global markets with Scila’s trade surveillance and risk management solutions. We look forward to seeing you at our booth.
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