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The ISE is enhancing the surveillance of trading on its markets through the implementation of Scila Surveillance from today. This proven technology has been implemented at major exchanges, trading firms and regulators across the globe. Scila Surveillance is provided by Scila, the leading independent Stockholm-based surveillance technology provider.
As part of this development the ISE is expanding its existing partnership with Deutsche Börse who are hosting and supporting the Scila Surveillance infrastructure. The ISE has used Deutsche Börse’s Xetra platform for trading shares and ETFs on its markets since June 2000.
"Market integrity is core to the ISE and our implementation of Scila Surveillance further delivers to this. Scila positions the ISE to quickly adapt our surveillance techniques as trading strategies evolve and also for upcoming EU regulatory changes in the market supervision area", says Daryl Byrne, Head of Regulation at the Irish Stock Exchange.
"We have an absolute commitment to providing our markets with the best infrastructure. Key to this for our equity market has been the technology partnership with Deutsche Börse. I am delighted to see the further development of that partnership with the implementation of our new Scila Surveillance system ", added Brian Healy, Director Traded Markets, Development, Operations of the Irish Stock Exchange.
“We are delighted to announce our cooperation with the Irish Stock Exchange. Scila systems are flexible, cost effective and come with a large suite of value added functionality, including for example e-communications and algorithmic monitoring tools”, says Lars-Ivar Sellberg, Executive Chairman of Scila.
“We are pleased to expand our long standing and successful business relationship with the Irish Stock Exchange”, says Holger Wohlenberg, Managing Director of Deutsche Börse Market Data + Services.
“Our experience in providing regulator compliant operations, combined with high system availability and a very responsive support service make our hosting a very secure and reliable choice to help ISE meet increased requirements of trading surveillance for the Irish equity market.”
