Renaissance Capital, the emerging markets investment bank, has selected and installed Redkites trade surveillance solution, Redeye, as the single, global, multi-markets surveillance solution within the firms comprehensive, global technology upgrade programme. The system went live in August and replaces the banks existing market surveillance solution.
Following market due diligence, Renaissance Capital selected the Redeye hosted solution to monitor, capture, analyse and act on the activities within its global equities trading operations. The solution, which includes Redkites insider trading module, will enable Renaissance Capital to identify suspicious transactions and activities that are indicative of market abuse or manipulation.
Mark Harris, group head of Compliance, Renaissance Group, comments: 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. Redkites Redeye solution provides real flexibility thanks to its modular approach to alerts development within Redkites hosted environment.
Justin Amos, CEO, Redkite Financial Markets, commented: Renaissance Capitals selection of Redeye demonstrates our commitment to the Russian markets, a jurisdiction that is currently undergoing significant regulatory change. Following this successful installation of Redeye, Redkite is now working with Renaissance Capital to ensure that it will continue to be a forward-thinking solution for the Russian compliance markets within this changing regulatory environment.
(JDC)