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Scila and Athens Exchange Group co-operate to offer a SaaS solution based on Scila Surveillance for both Buy and Sell side members of the Athens exchange. Alpha Finance Investment Services Single Member S.A. is the latest customer that has gone live with the Scila Surveillance software.
The Scila Surveillance software is provided by the Stockholm-based leading independent surveillance, risk & anti-money laundering technology provider Scila AB. The solution has been deployed at customer sites in more than 20 countries.
The SaaS solution offered to Athens Exchange members is provided in cooperation with Athens Exchange Group, who has been a Scila customer and partner in the region since 2014. The SaaS service comes with a set of functionalities specifically configured for the Athens Exchange Group making it easy for members to keep abreast with evolving compliance requirements. Deployment time for a member is minimal due to the pre-configured and web-based solution.
“We are pleased to announce that an additional customer, Alpha Finance S.A., has gone live with our market surveillance solution offered together with our valued customer and partner Athens Exchange Group.” says Lars-Ivar Sellberg, Executive Chairman and one of the Co-Founders at Scila.
"The selection of Scila Surveillance System was a core decision for ATHEX because it enabled the Greek regulated market to detect proactively and precisely possible manipulative behaviors. We believe that the new solution will allow Alpha Finance S.A. to handle efficiently abusive practices or suspicious orders or transactions and address the risk of market abuse, as was the case for Athens Stock Exchange”, says Nikos Porfyris, Chief Post Trading Officer of Athens Exchange Group.
