Redkite selected by Renaissance Capital for MS 04 October 2011London Reporter: Anna Reitman
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Redkite Financial Markets has announced that Renaissance Capital has selected and installed Redkite’s trade surveillance solution, Redeye, within the firm’s global technology upgrade programme.
The system successfully went live in August, six weeks after the global contract was signed.
Justin Amos, CEO, Redkite Financial Markets, says, “Renaissance Capital’s selection of Redeye demonstrates our commitment to the Russian markets, a jurisdiction that is currently undergoing significant regulatory change.”
Renaissance Capital selected the Redeye hosted solution to monitor, capture, analyse and act on the fast moving activities within its global equities trading operations. The solution, which includes Redkite’s market leading insider trading module, will enable the emerging markets investment bank to identify suspicious transactions and activities that are indicative of market abuse or manipulation.
Mark Harris, group head of compliance, Renaissance Group, says, “In light of the increasing market regulation taking place around the world, in particular in Russia, it was crucial that we found a next generation market surveillance solution. Redkite’s Redeye solution provides real flexibility thanks to its modular approach to alerts development within Redkite’s hosted environment.”
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