KGI Securities goes live with all-in-one risk solution from Scila

By Puja Sharma

Takes quantum leap by replacing two legacy systems into one single, powerful solution for equities and derivatives

Scila AB, a provider of risk and surveillance tools for the financial sector, announced that KGI Securities Singapore has adopted its Scila Risk solution. The platform will now manage KGI’s trading risk across equities, commodities, FX derivatives, and Spot FX in its Singapore operations.

 Scila Risk consolidates KGI’s legacy systems for equities and derivatives trading into a single, comprehensive, multi-asset platform. This strategic move empowers KGI to enhance efficiency, optimise collateral, and gain a competitive advantage in the dynamic world of global finance.

The consolidation of systems, combined with the real-time insights from Scila Risk, are crucial to KGI’s enhanced risk management. This enables real-time risk calculations and monitoring across both equities and derivatives trading, giving immediate visibility into risk exposure. The result is proactive decision-making and agile responses to market dynamics ensuring scalability and flexibility to adapt to future market changes and evolving regulatory requirements. Scila Risk also offers advanced features such as “time warp” analysis and “what-if” simulations, providing KGI Securities with a deeper understanding of potential market scenarios.

The new solution’s multi-faceted capabilities are central to KGI transforming their risk management framework. By consolidating previously disparate systems onto a single real-time risk solution, Scila Risk empowers KGI to gain a holistic view of its risk exposure, optimise collateral utilisation, and unlock new levels of trading capacity and revenue potential. Specifically, Scila Risk provides calculations of risk exposure across all asset classes. It has been designed from the ground up to be asset class agnostic, managing everything within a single, unified system. The platform’s ability to handle a wide range of instruments, market models, and geographical locations provides KGI with unparalleled flexibility and scalability. 

 Ken Ong, CEO of KGI Securities Singapore, said, “With Scila Risk, we’ve gained a consolidated real time view of our risk exposure, optimised our collateral utilisation, and unlocked new levels of trading capacity. This directly translates to improved collateral efficiency, freeing up capital for trading, and reduced costs, and ultimately, greater potential for revenue generation. The collaboration with Scila’s expert team and their cutting-edge technology has been exceptional.“ 

Mikko Andersson, CEO of Scila, echoes this sentiment: “At Scila, we’re driven by a passion for innovation and a commitment to delivering cutting-edge solutions that address the evolving needs of our clients. Our new risk management offering holds immense potential, not just for Scila as a company, but for how firms manage risk across the capital markets. The successful implementation of Scila Risk at KGI demonstrates the transformative impact our technology will have on risk management operations, particularly by consolidating legacy systems for different asset classes into a single, modern, true real-time solution.”