Qatar Exchange buys Scila Surveillance from Cinnober

First Published 6th April 2011

Cinnober gains first customer in the Middle East

Jan Arpi, CEO, Cinnober

Jan Arpi, CEO, Cinnober

"We are honored to welcome Qatar Exchange as a new customer and look forward to a mutually fruitful partnership."

Qatar Exchange has chosen multi-purpose market monitoring system Scila Surveillance for its equities market. This marks Cinnober's entry into the Middle East.

Scila Surveillance will be integrated with a number of existing systems at Qatar Exchange, including its Universal Trading Platform, Equator post-trade system, PFI2 index calculation platform, data dissemination and referential management applications. Go-live is scheduled for Q3 2011.

"After a thorough procurement process Scila Surveillance stood out with its outstanding functionality while being the most cost-efficient solution on the market," says Olivier Gueris, COO of Qatar Exchange. "The implementation of Scila at Qatar Exchange will provide the exchange with the world-class real-time surveillance and reporting tools it requires in these times of robust growth and extreme market sophistication."

"We are honored to welcome Qatar Exchange as a new customer and look forward to a mutually fruitful partnership," says Jan Arpi, CEO of Cinnober. "Of course we are thrilled to enter this market. Confidence and integrity are essentials for any market, and the demands on surveillance tools are tougher today than ever before. With Scila Surveillance, Qatar Exchange has a proven, future-proof solution that can be easily extended to additional products and adapted to changing needs."

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