Transaction surveillance capabilities to be fully integrated within the RiskCubed risk management suite of solutions Thursday 7th March 2019 – London and Berlin. CubeLogic, the leader in business intelligence (BI) enabled risk management solutions, announces the completion of a significant acquisition of Berlin based FERDEC. FERDEC provide market leading transaction surveillance solutions for Energy and Commodity markets. This acquisition significantly enhances the RiskCubed risk management suite of enterprise solutions. This announcement follows a partnership agreement which was made in November 2018. Increasing demand for transaction surveillance functionality inspired CubeLogic to seek partner solutions to complement the capabilities of its RiskCubed risk management offering. FERDEC’s unrivalled expertise in physical and financial Energy and Commodity markets made it the natural choice. The ferdecTS® engine can detect potential market abuse patterns arising from the manipulation of the physical characteristics of transactions, as well as purely financial aspects which other surveillance tools are typically limited to. The reason for moving from partnership to acquisition was due to the unique synergies and complimentary services of the two businesses. The existing FERDEC team will remain in their positions and continue to focus on their technology and business development objectives. There will be some new hires and… continue reading
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Source: CTRM Center