Capital.com picks Scila Surveillance for monitoring trading activities

abdelaziz Fathi

Multi-licensed online brokerage group Capital.com has selected Scila Surveillance for monitoring of its trading activities, provided by the Stockholm-based leading surveillance, risk and anti-money laundering technology provider Scila AB.

Scila Surveillance is a fully-fledged, Java-based surveillance system that includes a broad selection of alert rules and reports, a powerful search and replay functionality as well as trading analytics tools. The solution caters to multi-asset brokers, trading venues, regulators and compliance departments, offering a one-stop surveillance tool to monitor the entire market and ensure integrity.

Scila Surveillance has been implemented at a number of trading venues – spanning from equities to commodities and derivatives markets, including Alpha Trading Systems, Burgundy, the Chicago Board Options Exchange, the London Metal Exchange, Markit BOAT and NYSE Liffe.

The system will cover the whole spectra of instruments available at Capital.com’s customer sites in more than 20 countries around the globe, utilizing advanced machine learning capabilities to classify alerts and e-communication such as chats, emails and voice recordings.

“We are pleased to announce this new partnership with one of Europe’s fastest growing trading platforms – Capital.com. Scila delivers a platform that is flexible, scalable and can deal with massive amounts of data, making it a natural match for customers that operate in a global dynamic trading environment”, says Lars Gräns Rodhe, Chief Commercial Officer at Scila AB.

“At Capital, we are committed to ensuring our tech-first approach to trading is always in step with the highest standards of risk management requirements and regulatory obligations. We are constantly enhancing and improving our systems and processes so that we always respond and react quickly to our client’s needs and wider external changes. We are proud to partner Scila, a market leader in the provision of real-time surveillance technology, to further support us in our drive to quickly detect and prevent potential cases of market abuse,” added Kypros Zoumidou, Chief Commercial Officer, Capital.com.

Capital.com is a mobile CFD-focused brokerage firm which is operated by Capital Com SV Investments Limited, regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

Also, the firm says that its apps leverage advanced artificial intelligence technologies to deliver trading-related content in a personalized way. Additionally, Capital.com’s team is planning to roll out more advanced new AI features in the near future.

Read this next

Retail FX

Interactive Brokers adds 680k accounts, daily trades hit two-year high

Interactive Brokers LLC (NASDAQ: IBKR) recorded 2.44 million daily average revenue trades (DARTs) in February 2024, marking a notable increase from the 2.2 million transactions observed in the previous month. This figure represents the highest DARTs reported in two years, indicating an 11 percent monthly surge and a 15 percent year-on-year rise.

Retail FX

Financial Commission adds Ultima Markets to membership roster

Multi-asset brokerage firm Ultima Markets, operating under the trading name Ultima Markets Ltd, has been granted membership of the Financial Commission, marking the most recent inclusion into the ranks of the self-regulatory organization.

Digital Assets

Bitcoin hits fresh record high amid massive short squeeze

Bitcoin has surged to record highs against both the euro and the pound, hitting €60,447 and £51,736 respectively on Coinbase. The primary cryptocurrency has seen an almost 7% increase in the past 24 hours.

Digital Assets

US court rules crypto trades as securities in Coinbase case

A US court ruled that trading crypto assets on platforms like Coinbase constitutes securities transactions.

Market News

Weekly Data: Oil and Gold: Brief Review before the NFP

This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.

Institutional FX

FXSpotStream reports lower volumes for February 2024

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for February 2024, which moved lower on a monthly basis.

Fundamental Analysis

Global FX Market Summary: EUR, USD, Gold March 4th,2024

US Dollar Weakness: The US Dollar (USD) is currently struggling to gain strength due to a combination of factors.

Technical Analysis

Bitcoin Technical Analysis Report 4 March, 2024

Bitcoin cryptocurrency can be expected to rise further toward the next resistance level 69000.00 (former multiyear high from January)

Opinion

Finding Opportunity in Challenge: Why New Regulations Offer a Chance For Business to Get on Top of Data Management

The combination of CESOP, PSD3 and the PSR, has put businesses under new pressures. In this engaging article, André Casterman, Senior Advisor at Intix provides invaluable guidance on how companies can stay ahead of the curve.

<