NYSE Regulation, a not-for-profit subsidiary of NYSE Group, has chosen to implement state-of-the-art market surveillance technology developed and powered by Scila in Stockholm for NYSE Group’s equities and options exchanges, including the New York Stock Exchange.
“We are extremely proud to provide our market surveillance technology to the world's premier exchange, the New York Stock Exchange.” says Scila Executive Chairman Lars-Ivar Sellberg. “NYSE Regulation has chosen technology which is flexible and allows them to conduct multi-market surveillance using one of the most advanced solutions available in the market,” he continued.
“NYSE Regulation looks forward to working with Scila as we expand our market surveillance, investigation and enforcement capabilities to oversee and enforce a robust regulatory program for NYSE Group’s exchanges,” says NYSE Regulation CEO Mary Brienza.
NYSE Regulation performs various regulatory duties on behalf of the New York Stock Exchange, NYSE Arca and NYSE MKT, including administering surveillance, enforcement, and disciplinary programs to ensure member firms’ compliance with exchange rules and federal securities laws, as well as monitoring and enforcing compliance by listed companies with listing standards. It is a wholly-owned, not-for-profit subsidiary of New York Stock Exchange LLC.
Scila is working with financial technology firm Cinnober to deliver the next generation of market surveillance technology to NYSE Regulation. In addition to exchanges, Scila is delivering surveillance technology to regulators and market participants across the globe.