KGI Securities Singapore has successfully implemented Scila Risk, a cutting-edge risk management platform, to consolidate its legacy systems for equities and derivatives trading into a single, comprehensive solution. This strategic move, announced by Scila AB, aims to provide KGI with a holistic, real-time view of risk exposure, optimised collateral utilisation, and increased trading capacity.
The implementation of Scila Risk marks a significant advancement for KGI, a leading player on the Singapore Exchange. The platform’s multi-asset capabilities allow KGI to manage risk across equities, commodities, FX derivatives, and Spot FX within a unified system. This integration is designed to enhance efficiency and provide a competitive edge in the volatile financial markets.
Ken Ong, CEO of KGI Securities Singapore, highlighted the benefits of the new system: “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.”
Scila Risk’s advanced features, such as “time warp” analysis and “what-if” simulations, offer KGI deeper insights into potential market scenarios. The platform’s ability to handle a wide range of instruments and market models ensures scalability and flexibility, allowing KGI to adapt to future market changes and regulatory requirements.
Mikko Andersson, CEO of Scila, expressed enthusiasm for the collaboration, stating that the implementation demonstrates the transformative impact of Scila’s technology on risk management operations. The partnership between KGI and Scila is expected to drive further innovation in the financial services sector.
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