Scila Surveillance chosen for EDX London
(Thomson Reuters ONE) - Cinnober to deliver market surveillance system to London StockExchange Group derivatives market EDX LondonThe Scila market surveillance system has been chosen by derivativesmarket EDX London (EDX). The system will be deployed on the SOLAtrading platform to be used by EDX London from late this year, underlicense from TMX Group.Scila Surveillance, launched earlier this year, is a turnkey solutionoffering financial marketplaces, regulators and market participants aseamless route from detection to presentable evidence."Scila Surveillance stood out from the competition in terms of thefunctionality and flexibility required for the EDX derivativesmarkets and importantly demonstrated the ability to deliver a robustsurveillance solution within our tight timescales", says Lee Betsill,Managing Director at EDX London.The Scila Surveillance system has been developed as a response to theneed for a new generation market surveillance system offering higherflexibility, improved usability and lower cost of ownership. Thesolution is Java-based and uses standardized connectivity protocols,making it easily implemented with any trading engine on the market."This confirms that Scila meets the demands of leading equity andderivatives exchanges", says Nils-Robert Persson, Executive Chairmanof Cinnober. "We're the leading independent supplier of modern andinnovative technology to the exchange industry. Having EDX Londonamong our customers is of course a great pleasure."EDX London is the third marketplace to implement the new marketmonitoring solution. Scila Surveillance has already been delivered tothe Nordic MTF Burgundy and the Hong Kong Mercantile Exchange."We're delighted that Scila has achieved this hat trick. It hasproven its flexibility in being implemented for equity, commodity andnow derivatives markets. At the same time it underlines that Cinnoberis able to successfully market a complete suite of trading venue ITinfrastructure as well as individual components according to customerrequirements. We've simply brought a smarter system to themarketplace for this specific niche and we are continuing to receivegreat interest from the industry in our solution", concludes Persson.For further information, please contact: Jan ArpiNils-Robert Persson CEO, Cinnober FinancialExecutive Chairman, Cinnober Financial Technology ABTechnology AB Tel. +46-(0)70 860 46 49Tel. +46-(0)70 552 52 28About Cinnober Financial TechnologyCinnober provides mission-critical systems to a number of leadingmarketplaces, including Alpha Trading Systems, The Chicago BoardOptions Exchange, The London Metal Exchange, Markit BOAT, NYSE Liffeand Turquoise. Cinnober's products are highly customizable and basedon TRADExpress, a scalable, high-performance, low-latency platformfor transaction processing. TRADExpress is 100% Java-based, enablingsolutions that are flexible, as well as hardware- anddatabase-independent. For additional information about Cinnober,please visit www.cinnober.comAbout Scila SurveillanceScila Surveillance offers financial markets, regulators and marketparticipants a seamless route from the detection of market abuse topresentable evidence. It is based on standard open technologies thatmake it very easy and cost-efficient to deploy and maintain. TheScila Surveillance system is capable of handling extremely largetransaction volumes and can be implemented with any trading engine onthe market. The system is a turnkey surveillance system developed byScila AB, a Stockholm-based company with vast experience of marketsurveillance and transaction technology. Cinnober has invested astrategic minority stake in Scila AB, and there is an exclusive salesagreement between the two companies. For additional information aboutScila, please visit www.scila.sehttp://hugin.info/139660/R/1338741/319596.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 02.09.2009 - 10:30 Uhr
Sprache: Deutsch
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