Ian Sloggett, Sales Director at CubeLogic in the UK, says that it had a hugely successful year in 2023 signing and implementing some huge customers including two major oil companies on the credit risk side while many algo traders in the Nordics also signed up for the trade surveillance solution. “It’s been a very busy time with implementing all of the new customers,” he told me. “The majority of them are now live.” Interestingly for an analyst like me, he also told me that most of the last year’s activity occurred in Q3 and Q4 of the year and that the current pipeline suggests a repeat of that this year. In terms of trends driving interest in solutions, Ian points squarely to credit and risk managers at firms trying to get closer to trading. “The trader is privy to increasing amounts of ‘real-time’ data, but the risk department is often looking at things on an end-of-day basis,” he explained. “Increasingly, the risk department is seeking to be more responsive on an intra-day basis – to be more event driven – as well.” He went on to add that they also want to be better prepared for ‘events’ by being able… continue reading