Javelin Turns to Cinnober for SEF Market Surveillance Tool
After it recently received provisional regulatory approval from the US Commodity Futures Trading Commission to operate as a SEF, Javelin has integrated Scila Surveillance, a trading surveillance product supplied by technology provider Cinnober, to strengthen its market integrity.
"Our priority is to implement a market surveillance system that not only meets the monitoring requirements of the new SEF regulations, but also exceeds Javelin's own internal expectations of high levels of trading integrity to protect its customers," says James Cawley, CEO of Javelin. "Because of new rules, the OTC derivatives marketplace has already begun to transition to transparent swap execution venues."
According to Stockholm-based Cinnober, the Scila Surveillance platform offers flexibility, short implementation timeframes, and open standards technologies, reducing clients' total cost of ownership and allowing scalable surveillance for market abuse.
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