Deutsche Börse re-signs for Scila Surveillance sofware
Deutsche Börse has renewed its contract with Stockholm-based independent surveillance technology provider Scila, signing a five-year agreement to continue using its software.
For the last four years, Scila Surveillance has been used Deutsche Börse’s two largest exchanges – the Frankfurt Stock Exchange and the derivatives market Eurex – as well as the Eurex bond trading venue Eurex Bonds.
Under the new agreement, Deutsche Börse will have access to an increasing portfolio of alert rules and reports as well as a wide range of functionality related to data visualisation and analysis of high-frequency and algorithmic trading, unusual trading patterns and e-communication.
As a result of the German HFT Act, Scila has developed a bespoke functionality which enables Deutsche Börse to track and monitor algorithmic trading on a detailed level.
“Scila has proven its value over the last years and we are therefore continuing our constructive cooperation. The Scila surveillance technology is a leading tool which enables us to stay ahead of recent and upcoming market changes. Working with Scila has been a very productive and target-oriented experience”,said Michael Zollweg, head of trading surveillance office.
