Scila, a Sweden-based provider of market surveillance solutions, has announced the integration of Germany-based Stockpulse’s social media monitoring services into Deutsche Börse’s Scila Surveillance system.
The installation, which has been in operation for more than a decade, continues to evolve in line with market demands.
Stockpulse specialises in quantitative social media data processing using AI.
With this implementation, Deutsche Börse has become the first major exchange to adopt the integrated solution for trading surveillance across its cash and derivatives markets.
The system is intended to improve the efficiency of surveillance operations by incorporating social media data into existing workflows.
The joint solution enables exchanges and financial regulators to include near real-time social media analysis in their surveillance activities, with the aim of strengthening the detection and prevention of market manipulation and fraudulent behaviour linked to online activity.
The implementation in Germany provides Deutsche Börse’s surveillance team with access to global data streams covering more than 70,000 equities and thousands of cryptocurrencies, as well as news feeds, activity metrics, and sentiment analysis updated periodically.
This additional intelligence is designed to support more informed decision-making and quicker responses to potential cases of market abuse.
Commenting on the development, Mikko Andersson, Chief Executive of Scila, said:
“By combining leading market data analysis with social media intelligence, we’re providing our clients with a more complete view of market dynamics and potential risks. This holistic approach is essential in today’s interconnected financial ecosystem where information spreads instantaneously across multiple channels.”
Dr Stefan Nann, Chief Executive of Stockpulse, added:
“Our advanced algorithms and AI applications analyse millions of social media posts and news articles in near real-time, providing actionable intelligence that helps surveillance teams identify unusual patterns and potential market manipulation before it impacts market integrity.”
Deutsche Börse, one of the world’s largest exchange organisations, has recently introduced the system into its surveillance processes.
The solution combines news and social media monitoring, sentiment and activity analysis, integration with existing surveillance systems, and the capacity to generate alerts for unusual developments.
It is being made available to current and future Scila Surveillance clients, with options for adaptation to different regulatory requirements.
Featured image credit: Edited by Fintech News Switzerland, based on image by freepik
