Kazakhstan Stock Exchange Taps Swiss Scila AB’s Surveillance Tool

Kazakhstan Stock Exchange (KASE) has formed a partnership with Swiss Scila AB to deploy the automated surveillance system Scila Surveillance™, so as to counteract unfair practices in the exchange market. Founded in 2008, Scila AB provides cutting edge solutions for trade surveillance, anti-money laundering and risk management.

Scila Surveillance™, a high-tech, flexible solution, is designed for real-time surveillance over participants currently deployed at customer facilities in more than 20 countries, including exchanges, regulators and market participants, and is aimed at maintaining market integrity and building investors' trust therein.

The instrument will enable KASE to reach a qualitatively new level of protection of the local market from manipulation. The use of the latest technologies in the field of financial services expands the capabilities of participants, raises the level of service standards and, accordingly, the requirements of the market as a whole, according to Alina Aldambergen, Chairperson of KASE's Management Board.

"Kazakhstan is the largest economy in Central Asia and a leading capital market in the region. KASE offers a wide range of products and instruments in various asset classes, and we look forward to a long-term partnership with KASE," said Lars-Ivar Sellberg, Executive Chairman and one of Scila co-founders.