Stockholm-based
Scila AB has been selected by Capital.com to provide a multi-asset class trade
surveillance solution for the global monitoring of trading activities. The
technology provider will offer the FX and CFDs retail broker a powerful and
flexible trade surveillance solution that has already been deployed in over 20
countries worldwide.
Scila Will Help Capital.com
with Market Abuse Prevention
Scila’s
trade surveillance technology boasts extensive reports and alert rules, robust
search and replay features, and trading analytics tools. To enhance its
efficacy, the system employs cutting-edge machine learning algorithms to
effectively classify alerts and electronic communications, including voice
recordings, emails and chats.
Capital.com’s
Chief Commercial Officer, Kypros Zoumidou, says the Scila is a market leader in
providing real-time surveillance technology and will support the broker’s drive
to detect and prevent potential market abuse cases quickly.
“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,” Lars Gräns Rodhe, the Chief Commercial Officer at Scila AB,
added.
Scila
offers its risk management technology to regulators, exchanges and market
participants worldwide, including Deutsche Börse Group, Qatar Exchange, Central
Bank of Iceland and Alpha Finance.
Capital.com Buys OvalX and
Taps Market Professionals
Capital.com
is a rapidly expanding fintech company providing online retail trading platforms.
It maintains a worldwide presence with branch offices situated in Cyprus, the
UK and Australia, with a massive user base of over 7 million registered
investors. The platform’s success is evident from the 83% growth in user
accounts reported in 2022.
As exclusively
reported by Finance Magnates, Capital.com took steps to purchase the
client assets of forex and CFDs broker, OvalX. To support the new deal,
Capital.com, in the statement, noted that it has appointed Niamh Byrne, the
former Head of UK B2B2C Sales at IG Group, as its Head of the UK and Ireland.
“Under
the terms of the agreement, OvalX will offer some of its existing retail and
professional clients the opportunity to transfer their accounts to Capital.com.
This will ensure continuity of service for OvalX clients and allow them to
continue trading without disruption,” both companies said in a joint
statement shared with Finance Magnates in February.
Additionally,
Capital.com has been actively bolstering its executive team recently, tapping
into the talent pool of IG Group executives. In December, the broker hired Greg
Adams, a veteran executive with IG Group, as its Head of Risk. Additionally, a
month earlier, the company brought on board Alessandro Capuano, who had served
as IG Group’s Head of Exchange Traded Products, to take on the role of Head of
Europe at Capital.com.
Stockholm-based
Scila AB has been selected by Capital.com to provide a multi-asset class trade
surveillance solution for the global monitoring of trading activities. The
technology provider will offer the FX and CFDs retail broker a powerful and
flexible trade surveillance solution that has already been deployed in over 20
countries worldwide.
Scila Will Help Capital.com
with Market Abuse Prevention
Scila’s
trade surveillance technology boasts extensive reports and alert rules, robust
search and replay features, and trading analytics tools. To enhance its
efficacy, the system employs cutting-edge machine learning algorithms to
effectively classify alerts and electronic communications, including voice
recordings, emails and chats.
Capital.com’s
Chief Commercial Officer, Kypros Zoumidou, says the Scila is a market leader in
providing real-time surveillance technology and will support the broker’s drive
to detect and prevent potential market abuse cases quickly.
“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,” Lars Gräns Rodhe, the Chief Commercial Officer at Scila AB,
added.
Scila
offers its risk management technology to regulators, exchanges and market
participants worldwide, including Deutsche Börse Group, Qatar Exchange, Central
Bank of Iceland and Alpha Finance.
Capital.com Buys OvalX and
Taps Market Professionals
Capital.com
is a rapidly expanding fintech company providing online retail trading platforms.
It maintains a worldwide presence with branch offices situated in Cyprus, the
UK and Australia, with a massive user base of over 7 million registered
investors. The platform’s success is evident from the 83% growth in user
accounts reported in 2022.
As exclusively
reported by Finance Magnates, Capital.com took steps to purchase the
client assets of forex and CFDs broker, OvalX. To support the new deal,
Capital.com, in the statement, noted that it has appointed Niamh Byrne, the
former Head of UK B2B2C Sales at IG Group, as its Head of the UK and Ireland.
“Under
the terms of the agreement, OvalX will offer some of its existing retail and
professional clients the opportunity to transfer their accounts to Capital.com.
This will ensure continuity of service for OvalX clients and allow them to
continue trading without disruption,” both companies said in a joint
statement shared with Finance Magnates in February.
Additionally,
Capital.com has been actively bolstering its executive team recently, tapping
into the talent pool of IG Group executives. In December, the broker hired Greg
Adams, a veteran executive with IG Group, as its Head of Risk. Additionally, a
month earlier, the company brought on board Alessandro Capuano, who had served
as IG Group’s Head of Exchange Traded Products, to take on the role of Head of
Europe at Capital.com.
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Damian Chmiel