During the FOW Derivatives World London, Cinnober received the award ”Best new market surveillance product” for its SaaS based on Scila Compliance technology.
Under an agreement with Scila, Cinnober delivers the service solution Cinteg to help market participants manage the increased pressure on monitoring and reporting own and clients’ trading and monetary transactions, coming from new legislation and regulation. It is a fully managed service, based on Scila Compliance, for players such as investment banks, brokerages and proprietary trading firms to ensure that they act in accordance with regulations, market rules and internal policies.
Market-specific and custom alerts, tailored reports, anti-money-laundering functionalities and integrated case management help make trade surveillance in a complex trading world efficient and straightforward. Scila Compliance not only monitors for traditional scenarios, but also for high frequency trading, abusive trading patterns and entity relationships.
”We have taken most of the functionality from our market leading trading venue surveillance system, Scila Surveillance, and developed a very powerful tool for investment banks, brokerages and trading firms. Scila Compliance is highly appreciated by our customers with installed versions, and I am confident that Cinnober’s version, Cinteg, will be a success in its part of the market”, says Lars-Ivar Sellberg, Executive Chairman at Scila. ”With current, and future, regulatory pressure on market participants you need to have a powerful and user-friendly system in place to monitor for suspected market abuse as well as to protect your company from rouge traders and misbehaving HFT algos.”
The installed version of Scila Compliance is delivered by Scila AB and is in use by major investment banks as well as small brokers to monitor equity as well as derivatives trading.
For more information
Phone +46 733 47 87 10
About Scila AB Scila is a FinTech company based in Stockholm, Sweden, but we act globally. Scila provides trading surveillance products built on many years of experience from both market surveillance and systems design. Scila systems use 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