Oslo Børs selects Scila Surveillance delivered by Cinnober
(Thomson Reuters ONE) - Oslo Børs has chosen Scila Surveillance for their derivatives market.This makes Oslo the fourth market to take in the recently launchedall-purpose surveillance system.Oslo Børs has decided to use Scila Surveillance as surveillancesystem for their derivatives market. The system will go intoproduction later this year when Oslo Børs migrates its derivativesmarket to a new trading platform provided by the London StockExchange (LSE).A strategic partnership between Oslo Børs and LSE was announced inMarch this year in which the two exchanges will cooperate to improveefficiency and liquidity. LSE's selection of Scila Surveillance forits EDX market surveillance was made public earlier this month andnow Oslo Børs has settled on the same solution.Harald Naess, Senior Vice President Information Technology at OsloBørs said: "With Scila Surveillance we get a highly competent andcost-efficient surveillance solution in place in good time for ourderivatives platform replacement. We're glad to see a new, innovativesystem in this arena."Launched earlier this year, Scila Surveillance offers financialmarketplaces, regulators and market participants a seamless routefrom detection of market abuse to presentable evidence. This newgeneration system responds to the need for a market surveillancesystem with higher flexibility, improved usability and lower cost ofownership, and was developed by experienced market surveillanceprofessionals and system architects. It is a Java-based solution thatcan be implemented with any trading engine on the market, with shortdelivery time.Oslo Børs is the fourth marketplace to choose the new marketmonitoring solution. Scila Surveillance has already been selected bythe Nordic MTF Burgundy, the Hong Kong Mercantile Exchange, and EDXLondon - part of the London Stock Exchange Group."We are happy that Oslo Børs has decided to use Scila Surveillance,"said Nils-Robert Persson, Executive Chairman of Cinnober. "The systemhas been very well received and has so far been chosen by equity,commodity and derivatives markets. It is a very flexible, all-purposesurveillance system unlike any in the market, and I see greatpotential for its ongoing success."For further information, please contact:Nils-Robert Persson Mats WilhelmssonExecutive Chairman, Cinnober Financial COO, Scila ABTechnology AB Tel. +46-(0)70 361 52 81Tel. +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 whichmake it very easy and cost-efficient to deploy and maintain. Thesystem is capable of handling extremely large transaction volumes andcan be implemented with any trading engine on the market. The systemis a turnkey surveillance system developed by Scila AB, aStockholm-based company with vast experience of market surveillanceand transaction technology. Cinnober holds a strategic minority stakein Scila AB, and there is an exclusive sales agreement between thetwo companies. For additional information about Scila, please visitwww.scila.sehttp://hugin.info/139660/R/1343097/321661.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 23.09.2009 - 10:12 Uhr
Sprache: Deutsch
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