Market surveillance solution from Cinnober now live in two options
markets
(Thomson Reuters ONE) - Scila Surveillance successfully launched at EDX London and Oslo BørsBoth EDX London and Oslo Børs switched to the Scila Surveillancesolution for their respective derivatives markets as they commencedtrading on their new, common equity derivatives trading platform onDecember 7.Implementing Scila Surveillance at the two exchanges simultaneouslywas straightforward since it is a proven, multi-asset class systemthat can easily be customized. The solution delivered includesspecialist functionality for derivatives, especially options, makingScila Surveillance a complete tool for the monitoring of any market.During the fall, EDX London has enjoyed a strong performance. InOctober they recorded their second busiest month ever, with 7.0million contracts traded across their Russian and Scandinavianproducts, including a record 4.8 million Russian stock options."Monitoring a high-transaction options market is complex. There arehundreds of underlying instruments and thousands of optioncalculations to keep track of. Still, we've been able to quickly andeasily deploy Scila Surveillance into our new infrastructure for highliquidity options trading", said Lee Betsill, Managing Director atEDX London. "We're impressed with its flexibility and throughputcapacity, and are well equipped for the dynamic market we see infront of us."Scila Surveillance is a fully-fledged, Java-based surveillance systemprovided by Cinnober to trading venues, regulators and marketparticipants. In 2009 it has been implemented at four differenttrading venues - spanning from equities to commodities andderivatives markets, in terms of the Nordic MTF Burgundy, the HongKong Mercantile Exchange, Oslo Børs and EDX London - part of theLondon Stock Exchange Group."Cinnober has more than ten years experience delivering andsupporting mission critical solutions for leading derivatives andspot markets in different asset classes. Together with the Scila teamof experienced market surveillance professionals and senior systemarchitects, we offer something unique: a flexible and easy-to-usemarket monitoring solution with a low cost of ownership", saidNils-Robert Persson, Executive Chairman of Cinnober. "It's beenextremely well received by the market. We're in talks with severalplayers and expect to finalize further agreements in the very nearfuture."Cinnober provides high-transactions systems to a number of leadingtrading venues, including Alpha Trading Systems, Burgundy, theChicago Board Options Exchange, the London Metal Exchange, MarkitBOAT, NYSE Liffe and Turquoise.For further information, please contact:Nils-Robert Persson Mats WilhelmssonExecutive Chairman, Cinnober Financial CEO, Scila ABTechnology AB Tel. +46-(0)70 361 52 81Tel. +46-(0)70 552 52 28About Cinnober Financial Technology ABCinnober provides mission-critical solutions to a number of leadingtrading venues, including Alpha Trading Systems, Burgundy, theChicago Board Options Exchange, the London Metal Exchange, MarkitBOAT, NYSE Liffe and Turquoise. Cinnober's products are highlycustomizable and based on TRADExpress, a scalable, high-performance,low-latency platform for transaction processing. TRADExpress is 100%Java-based, enabling solutions that are flexible, as well ashardware- and database-independent. Cinnober owns a stake in Scila ABwhich develops and maintains Scila Surveillance. Cinnober has theexclusive right to distribute Scila Surveillance and acts as thelegal counterparty in all customer agreements. For additionalinformation about Cinnober and Scila, please visit www.cinnober.comand www.scila.se.http://hugin.info/139660/R/1359833/331565.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 08.12.2009 - 13:58 Uhr
Sprache: Deutsch
News-ID 9374
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 484 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Market surveillance solution from Cinnober now live in two options
markets"
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).
