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The Scila Compliance software, used by banks and brokers in the UK and Sweden, is now compatible with Orc Trade Access, a stand-alone market access solution which provides high functionality and low-latency connectivity to exchanges, brokers and market data sources, allowing an even smoother implementation of Scila Compliance for Orc users.
Internal data together with market data are two key ingredients to a compliance function. With the development of an adapter to Orc Trade Access, Scila Compliance now enables collection of both data types from one single source. For banks and brokers using Orc, this means an even easier implementation of Scila Compliance.
”Our cooperation with Orc in this matter has produced a powerful interface solution, close to plug 'n play, when choosing Scila Compliance as your monitoring tool,” said Fredrik Lydén, CTO at Scila. ”We will of course continue working with Orc to maintain compatibility with their interface.”
Orc Trade Access is aimed at firms that currently use multiple third-party connectivity vendors, and those who rely on in-house developed market connectivity. It also offers a wider market reach for many clients who currently rely on their trading applications vendor for connectivity. Orc Trade Access can easily be integrated with any order and execution management systems or be integrated with in-house developed trading applications.
“Enabling Scila integration with Orc Trade Access without the need for extensive development efforts is great news to our customers,” said Martin Nilsson, Head of Product Management at Orc. ”As the Orc architecture allows for easy integration and extension, we are pleased to see Scila’s very competitive compliance solution being available together with our market access offering.”
