FERDEC is proud to be recognised as a top 5 transaction surveillance solution for the second year running. This compliments the recent acquisition of FERDEC by CubeLogic, which also received multiple awards for its industry leading Enterprise Risk Management, Credit Risk and Business Intelligence software solutions.
Lee Campbell, CEO of CubeLogic commented, “We are delighted to see ferdecTS® receive this recognition from the market once again. Our goal is to make our transaction surveillance solution the undisputed leader in energy and commodity market surveillance, both as part of the Cube platform and as a standalone tool. We do not believe that our competitors, coming mostly from banking, currently provide a solution that delivers effective surveillance at a reasonable price for our core market. With the sharp increase in fines and penalties for market abuse over the last few months, we strongly believe energy and commodity firms will start to reevaluate whether their surveillance tools actually work, particularly for their physical trading.”
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