Newsletter Q2 2012
Qatar Exchange goes live with Scila Surveillance
This issue's articles
The implementation project started in March 2011 when Scila Surveillance was selected as the preferred solution following a competitive bid involving multiple international vendors. The two-phase rollout of the application began with a standard release in August 2011 followed by the launch of the fully customized version in early 2012.
“The implementation of the Scila Surveillance system is another milestone in the development of Qatar Exchange. It allows the Exchange to fully monitor the market, guarantee transparency and fairness in the marketplace, and increase investors’ trust and confidence when trading,” said Jassim Bukashisha, IT director of Qatar Exchange.
“Confidence is perhaps the single most important asset for any trading venue. A modern and effective market surveillance tool is a key component in obtaining this confidence,” said Nils-Robert Persson, Executive Chairman of Cinnober. “Our customers rely on Scila for leading surveillance technology that delivers more than it promises; no one beats us at supplying innovative and effective solutions at a lower total cost of ownership.”
The Scila Surveillance system is utilized by leading trading venues such as Deutsche Börse, Eurex and Oslo Börs as well as new assertive initiatives such as Burgundy, Hong Kong Mercantile Exchange and Turquoise Derivatives.