Qatar Exchange buys Scila Surveillance from Cinnober
(Thomson Reuters ONE) -
First customer for Cinnober in the Middle East
Qatar Exchange is the latest in a line of prestigious exchanges that have chosen
multi-purpose market monitoring system Scila Surveillance, in this case for its
equities market. This marks Cinnober's entry into the Middle East.
Scila Surveillance will be integrated with a number of existing systems at Qatar
Exchange, including its Universal Trading Platform, Equator post-trade system,
PFI2 index calculation platform, data dissemination and referential management
applications. The installation is robust and fully redundant as well as highly
cost-efficient in terms of hardware. Go-live is scheduled for Q3 2011.
"After a thorough procurement process Scila Surveillance stood out with its
outstanding functionality while being the most cost-efficient solution on the
market," says Olivier Gueris, COO of Qatar Exchange. "The implementation of
Scila at Qatar Exchange will provide the exchange with the world-class real-time
surveillance and reporting tools it requires in these times of robust growth and
extreme market sophistication."
"We are honored to welcome Qatar Exchange as a new customer and look forward to
a mutually fruitful partnership," says Jan Arpi, CEO of Cinnober. "Of course we
are thrilled to enter this market. Confidence and integrity are essentials for
any market, and the demands on surveillance tools are tougher today than ever
before. With Scila Surveillance, Qatar Exchange has a proven, future-proof
solution that can be easily extended to additional products and adapted to
changing needs."
Scila Surveillance was launched two years ago as a modern and cost-efficient
solution with usability and flexibility as key qualities. It was recently
selected by Deutsche Börse Group for their Xetra and Eurex markets. A total of
nine markets have chosen it to monitor trading in instruments as diverse as
equities, futures and options, CFDs, FX, and energy contracts.
For further information, please contact:
Jan Arpi
CEO, Cinnober Financial Technology AB
Tel. +46 70 860 46 49
Mats Wilhelmsson
COO, Scila AB
Tel. +46 70 361 52 81
Lina Serafini
Marketing Manager, Qatar Exchange
Tel. +97444333615
About Cinnober Financial Technology AB
Cinnober provides mission-critical solutions and services to leading trading and
clearing venues. All Cinnober's solutions are based on the TRADExpress(TM)
Platform incorporating everything needed for mission-critical solutions in terms
of performance, robustness and flexibility. Cinnober's portfolio of offerings
include price discovery and matching, real-time risk management, clearing and
settlement, data distribution and surveillance. Cinnober's customers include:
Alpha Trading Systems, Borsa Italiana, Burgundy, Chicago Board Options Exchange,
EDX London, Hong Kong Mercantile Exchange, London Metal Exchange, Markit BOAT,
NYSE Liffe and Quadriserv. For additional information, please
visitwww.cinnober.com.
About Qatar Exchange
Established in 1995, the Doha Securities Market (DSM) officially commenced
operations in May 1997. Since then the exchange has grown to become one of the
leading stock markets in the GCC region. Following a strategic partnership
agreement between Qatar Holding and NYSE Euronext in June 2009, the DSM was
renamed the Qatar Exchange (QE). QE currently has 42 listed companies and its
market capitalization (end of 2010) is around QR400 billion (US$110 billion).
The primary aim of QE is to support Qatar's economy by giving investors a
platform through which they can trade fairly and efficiently. QE also provides
the public with access to market information, ensures correct disclosure of
information, and enforces securities regulations. QE is regulated by the Qatar
Financial Markets Authority. For more information, please visit : www.qe.com.qa
About Scila AB
Scila provides a surveillance tool 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 the industry the most competitive solution available.
Cinnober owns a minority stake in Scila AB and there is an exclusive sales
agreement between the two companies. For additional information about Scila AB,
please visitwww.scila.se
Press release (PDF):
http://hugin.info/139660/R/1503843/438774.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cinnober via Thomson Reuters ONE
[HUG#1503843]
Unternehmensinformation / Kurzprofil:
Datum: 06.04.2011 - 08:15 Uhr
Sprache: Deutsch
News-ID 53203
Anzahl Zeichen: 5571
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 150 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Qatar Exchange buys Scila Surveillance from Cinnober"
steht unter der journalistisch-redaktionellen Verantwortung von
Cinnober (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
