Scila Newsletter 2024 Q4 – Events, Insights, and Global Connections

FIX & FIA Singapore: Key Trends in Multi-Asset Trading

The FIX Conference in Singapore reaffirmed the city’s role as a major hub for multi-asset class trading in Asia. Singapore’s traditional strength in arbitrage trading, particularly between SGX and other Asian indices, remains evident. We observed substantial interest in multi-asset class coverage (equities, derivatives, and FX) to provide brokers and banks with a comprehensive view of client risk. Additionally, regulators are increasingly focused on cross-asset trade surveillance.

The FIA Singapore event continues to be the premier gathering in Asia, with record attendance this year. Client demand for global coverage and innovation is driving banks, brokers, and exchanges to replace legacy solutions with scalable platforms that can adapt to evolving client and regulatory needs. It was a pleasure to connect with both existing clients and new prospects over the two days. As the final event of the year for many, FIA Singapore always has a special atmosphere. We’re already looking forward to next year’s conference.

XLoD Global: Where Surveillance Takes Center Stage

Scila was pleased to once again attend the XLoD global event in London. This year’s event was the largest to date, with over 700 delegates and 125 sessions offering valuable insights into the future of surveillance and risk, as well as discussions on the current challenges facing practitioners.

Key themes throughout the week included the ongoing need for improved data quality, the development of a cross-product approach to surveillance, and the evolving perspectives around AI as this area continues to advance.

Mike Eaton and Mikael Ohlsson had the opportunity to engage with a wide range of existing and potential clients, gaining valuable insights into their perspectives on the industry’s future direction. Additionally, Tim Peake provided a fascinating keynote on his alternative approach to risk evaluation within a very different environment.

From the NYSE Floor to Chicago’s Ceres: Scila Americas Event Journey

The team was at a few events in the last quarter – having recently joined FIX Trading, Alex Lamb was at the Americas event in New York City in October, and then an end of year networking event hosted by another FIX member at Ceres, in the CBOT building in Chicago in early November.

This year’s FIA Expo on November 19th and 20th, was again well attended (over 1500 attendees at the Sheraton Riverside Hotel in Chicago), Alex was joined by Gustaf Grans where they met many clients and interested attendees. The strong themes (this year as it seems every year) was growth and innovation, with a strong appetite for risk (see Walt Lukken’s opening address) but also a strong message about clear definitions of roles in the market – particularly regarding exchanges and regulators.

Surveillance and Risk as overlapping functions were also a recurring discussion point.

This month, Scila was also invited by ICE to attend their annual event hosted at the New York Stock Exchange, to address partners in their path on growth (which included a trip to the NYSE floor, for the closing bell).

Scila often works with ICE Data Services in client solutions. Hearing how ICE helps clients and other vendors in continuing market development was enlightening, as were discussions on AI and the next year’s economic outlook.

Greetings and Looking Forward

Scila would like to send best wishes to all for the coming holiday season, and for the New Year. Thank you for your continued support and we trust that 2025 will be a successful year for all!