CubeLogic, a specialist in business intelligence-enabled risk management solutions and FERDEC, a specialist in MAR/MAD II/REMIT transaction surveillance solutions for physical and financial Energy and Commodity markets, have formed a strategic partnership to enable CubeLogic’s clients to leverage the sophisticated transaction surveillance capabilities of the ferdecTS solution directly from within the RiskCubed suite.
Increasing demand for transaction surveillance functionality inspired CubeLogic to seek partner solutions to complement the capabilities of its RiskCubed risk management platform. FERDEC’s unrivalled expertise in European 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 physical characteristics of transactions, as well as purely financial aspects which other surveillance tools are typically limited to.
Available with plug-and-play market data interfaces, the ferdecTS engine will be integrated with RiskCubed’s powerful data management, workflow and BI analysis tools so that CubeLogic clients benefit from a cost-effective solution that is far more than the sum of the parts. With a full SaaS deployment option and pre-calibrated alerts, the ferdecTS engine can be deployed quickly to ramp-up transaction surveillance capabilities to meet any regulatory challenge.
Tony Frangiamore (pictured), MD EMEA CubeLogic, says: “There is an active replacement market developing where organisations with significant exposure to physical Energy and Commodity markets opted for tools from a financial market background in a first wave and are now seeing the limitations of those solutions. The FERDEC partnership, conceived specifically to address this trend, fits within the wider CubeLogic strategy of integrating best-of-breed analytical components for different markets to offer its clients a one-stop-shop risk management solution according to their specific needs.”
Christian Endter, Managing Director of FERDEC, says: “We are glad to enter into this partnership with CubeLogic. Clients will benefit from the most comprehensive and sophisticated risk management and compliance solution in the E/CTRM landscape. This partnership provides Energy and Commodity trading organisations with the most advanced and convenient market abuse pattern recognition (Transaction Surveillance) solution in the market. Few firms have a better appreciation of the value of a ‘Golden Source’ for trading-related data than CubeLogic.”