Tibra selects Redkite Surveillance to Support Regulatory Compliance

London (UK) – 10 September, 2012 – Redkite Financial Markets, a specialist provider of market surveillance systems, today announced that principal trading firm and options market maker, Tibra, has selected Redkite Surveillance to ensure compliance monitoring. The move comes in line with the ESMA guidelines on ‘systems and controls in an automated trading environment’ in respect of its European operations.
 
Denis Jackson, regional general manager Europe, Tibra, comments: “Tibra is committed to industry best practice in all trading operations including compliance. Tibra conducted a rigorous due diligence process in order to identify the most appropriate compliance monitoring software suited to our business needs. We are happy to be working with Redkite on this project.”
 
Matthew Coupe, sales director, EMEA, comments: “Principal trading firms such as Tibra now have the requirement for intelligent and efficient market surveillance tools. To this end, Redkite Financial Markets has turned algorithmic trading scenarios on their heads with a solution that reaches out and detects trading anomalies and potentially abusive trading practices in real-time, in the most accurate manner. We are delighted Tibra has selected the Redkite Surveillance compliance monitoring solution.”
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For more information please contact: 
Julia Royle
Tel: +44 (0) 7961 103521
Email: Julia.royle@redkitefinancialmarkets.com
 

Redkite Financial Markets is the leading, independent markets surveillance solutions provider for the global financial services sector. The company’s flagship product, Redkite Surveillance, enables financial market participants to address market and client surveillance in order to demonstrate to regulators and corporate governance boards that firms can maintain their own market surveillance systems.
The Redkite management team has operated in advanced trading and technology environments across global markets. Through applying its collective experience Redkite’s team has delivered the next generation in advanced surveillance solution.  
www.redkitefm.com