CubeLogic recognised as a certified ISV with EPEX SPOT
Houston, London, Singapore, Bangalore, and Berlin, Wednesday 14th April 2021. CubeLogic is delighted to announce that it has successfully passed rigorous conformance testing to become recognised as a certified Independent Software Vendor (ISV) with EPEX Spot. This achievement makes CubeWatchTS, CubeLogic’s energy and commodity market specialised transaction surveillance solution, the first such in-house surveillance solution provider to acquire this status reaffirming CubeLogic’s market leading capabilities in this area.
“While CubeLogic has many years’ experience working with EPEX Spot data on behalf of its transaction surveillance clients, certified ISV status brings many additional benefits in further reducing implementation times and supporting ongoing data integrity while ensuring that our clients stay ahead of any market and technical developments. This provides further evidence that CubeWatchTS remains the leading transaction surveillance solution for European power markets.” said Lee Campbell, CEO of CubeLogic. “With its powerful and unique Product Logic, surveillance analyst are able to see potentially abusive behaviour in physical power markets, including short-term markets, which is often invisible to other solutions. CubeWatchTS also uses orders to trade in its surveillance analysis, including for EPEX SPOT, ensuring complete contextual analysis of trader behaviour relative to the market” added Campbell.
With the notable increase in both the frequency and severity of REMIT fines across Europe, the ability to detect such behaviour is more crucial than ever.
Following further enhancements to CubeWatchTS underway, CubeLogic will shortly announce the release of significant enhancements to the User Interface after extensive consultation with current and prospective users.
CubeLogic is the leading supplier of cloud based, risk management software solutions for the energy, commodity, and financial markets. Their SaaS technology uses business intelligence to enable clients to monitor, manage and mitigate exposures arising from market, credit, and compliance risk. The CubeLogic founders are renowned experienced industry specialists who have an impressive track record of developing and implementing global risk IT solutions.
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