
- Combination of leading market data analysis with social media intelligence provides a more comprehensive market overview.
- Collaboration between Scila and Stockpulse utilizes AI and enables near real-time access to millions of social media data points.
- Deutsche Börse is an early adopter leveraging this proactive and broadened surveillance offering.
Scila, a leading provider of market surveillance solutions, announced the successful implementation of Stockpulse’s advanced social media monitoring services into Deutsche Börse Scila Surveillance installation, which has been operative for more than a decade and is continuously evolving to meet market demands.
Stockpulse is a Germany-based data analytics company specializing in quantitative social media data processing using Artificial Intelligence. Through a recent implementation, Deutsche Börse has become the first major exchange to adopt this integrated solution for its trading surveillance for its cash and derivatives markets, leveraging the enhanced capabilities to streamline its surveillance operations and improve efficiency.
The integrated solution from Stockpulse and Scila Surveillance enables exchanges and financial market regulators to incorporate near real-time social media analysis into their market surveillance operations, significantly improving their ability to detect and prevent market manipulation and fraudulent activities related to social media.
The recently launched German implementation provides Deutsche Börse’s surveillance team with access to comprehensive data streams covering more than 70,000 equities globally and thousands of cryptocurrencies, including near real-time news feeds, buzz metrics, and sentiment analysis with periodic updates. This complementary intelligence layer enhances the leading market surveillance picture, enabling more informed decision-making and faster response to potential market abuse.
“The integration of social media monitoring into trading surveillance represents a natural evolution in market oversight,” said Mikko Andersson, CEO of Scila. “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.”
The joint solution addresses the growing challenge faced by market surveillance teams who must monitor an increasingly complex information landscape. Social media has become a significant factor in market movements, with coordinated campaigns and misinformation potentially impacting stock prices and market integrity.
“We’re excited to partner with Scila to bring institutional-grade social media analytics to the market surveillance community,” said Dr. Stefan Nann, CEO of Stockpulse. “Our advanced algorithms and AI applications analyze 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 organizations, has recently implemented the integrated solution to enhance its market surveillance capabilities.
“The addition of social media monitoring to our surveillance toolkit through Scila’s platform has proven invaluable,” said Andreas Mitschke, Head of Trading Surveillance at Deutsche Börse. ”The ability to correlate trading patterns with social media activity provides our team with crucial context for investigating potential market abuse. This integration has made our surveillance work both more efficient and more effective, allowing us to better protect market integrity and investor interests.”
Key features of the integrated solution include:
- Near real-time news stream and social media monitoring for over 70,000 equities
- Buzz and sentiment analysis with periodic updates
- Seamless integration with existing Scila Surveillance workflows
- Potential for advanced alerting capabilities for unusual news or social media activity
The successful integration with Stockpulse is available to all existing and future Scila Surveillance clients, with customization options to meet specific regulatory requirements and surveillance needs.
Source: Scila