Nice buys Redkite Financial Markets to expand cloud based services

Nice Systems has acquired Redkite Financial Markets, to add the latter’s real time trade surveillance technology to its own trading compliance platform called Actimize.

Redkite’s solution provides analysis in line with requirements from the European Securities and Markets Authority (Esma), and supports different asset classes including equities, fixed income and futures. Redkite’s customer base consists of global investment banks, broker dealers, and futures clearing merchants.

Nice said that the acquisition will boost its ability to offer cloud-based solutions, which are more cost-effective for the end user. It will also enable it to take advantage of the ongoing interest in solutions to meet tighter regulatory demands on the financial industry.

Zeevi Bregman, president and CEO of Nice Systems said: “As the market leader in the financial risk management and compliance space, our customers are looking to Nice for solutions that enable them to effectively address the growing importance of compliance and the anticipated wave of regulations. The acquisition of Redkite is an important and strategic addition to our trade surveillance and compliance business. Expanding our solutions portfolio will enable Nice to provide timely and cost effective solutions that address the rapidly evolving regulatory landscape.”

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