Deutsche Brse plans to implement Cinnober’s market surveillance technology at both the Deutsche Brse cash market Xetra and the derivatives market Eurex Exchange.
The technology, called Scila Surveillance, will replace Deutsche Brse’s in-house solution. By incorporating Scila into the two exchanges, Deutsche Brse will be able to monitor trading in batch and real-time mode simultaneously.
Scila allows a market replay in a graphical manner as well as a rerun of historical market situations; it also enables a cross-border monitoring of Xetra and Eurex.
Additionally, exchange supervisory authorities will receive individualized reports of market activity much more quickly. Scila will be able to handle more than 100,000 transactions per second, which can be increased if necessary. Further, all market data is stored and always available, meaning offloading of historical data is no longer necessary.
“We conducted extensive analysis of our market monitoring needs as part of our ongoing commitment to fulfill our regulatory reporting requirements, says Michael Zollweg, head of the trading surveillance office at Deutsche Brse. Cinnober has a stellar reputation and proven track record in providing leading technology solutions in this field. Their software Scila in particular has the ability to meet our high capacity demands and requirements.
Nils-Robert Persson, executive chairman of Cinnober, adds: “Deutsche Brse is an extremely impressive company that operates some of the world’s leading exchanges. We are honored to deliver our technology and the fact that they have chosen Scila Surveillance for these large and important markets is a great testament of its competitiveness.”