Winter newsletter 2020

 Welcome from Lee Campbell, CEO

Well I don’t need to call out the fact that 2020 has been a strange year to say the least. Everyone has felt their own unique challenges but I think, and I’m happy to say, that our business has weathered the storm and we are in good stead as we look forward to 2021. It has been especially interesting to witness how our offices over the globe have dealt with the pandemic with the majority of our staff based from home for most of the year.

Putting COVID to one side our business has undergone a huge transformation, and I am delighted that we managed to pull off a significant equity deal. Growth Capital Partners came on board in June and their minority shareholding investment has enabled us to really expand the team and the service we offer. We have taken on a number of hires, at all levels, we now employ over 100 people across our five global locations. And this won’t stop, we are on a mission to dominate the enterprise risk and compliance space, 2021 will see continued investment in people and our technology.

As always nothing is possible without our loyal customer base and so I would like to take this opportunity to thank all of you for your continued support in what has been a tough year for everyone. Whilst the pandemic is not over there is some light at the end of the tunnel and so I sincerely hope that 2021 will see us getting back to international travel and we will come and visit all of you!

2020 Growth Statistics

Key metrics to indicate our continued growth.

+ 32 Employees

+ 7 Global Clients

55 Projects (and counting)

6 Industries served

RiskCubed Product Suite

CubeWatchTS – Transaction Surveillance for energy and commodities

The impressive growth of our market recognised transaction surveillance solution CubeWatchTS continues with the onboarding of a number of new energy and commodity clients, many of whom are using our recently released ICE, CME and Refinitiv interfaces. Refinitiv allows us to deliver market data with CubeWatchTS for many major markets including the CME, ICE and the LME. V7 also offers full Azure Cloud and MS SQL support. Anticipation is building for the release of our brand new HTML5 GUI at the end of Q1 2021!

Current interfaces:

• EPEX
• CME DC
• ICE POF
• Refinitiv
• ICE 2CF
• Trayport / MAR file

CubeWatchPL – Real time Position Limit Management

Our brand new market leading position limit management solution is now live at our first major global trading client, providing coverage of CME, ICE and MiFID II Position Limits. CubeWatchPL offers an impressive range of features significantly reducing the risk and burden of monitoring and managing position limits manually. These include a real-time dashboard, email alerting, exemptions management, position walkforwards and more. With extremely accurate aggregation logic and the inbuilt capability to cover virtually any position limit regime globally, we expect CubWatchPL to become the go-to brand in this space as we move into 2021. Please contact us if you would like to see a demo of this exciting new solution.

Market Risk offering

RiskCubed Market Risk has had a whirlwind year in 2020 with significant new client business, 3 successful go-lives and enthusiastic reception from existing and pipeline clients for our joint Numerix offering. Of particular interest to credit and market risk clients alike is our new real-time exposure architecture complete with message bus, in-memory compute engines and Signal-R streaming dashboards. This compliments our existing position reporting Cubes, which are being developed in parallel to provide a complete solution for intra-day and end-of-day market risk management and reporting. The first go-live for the new architecture is currently taking place.

Technology Update

CubeLogic has continued to build upon its technological strength throughout 2020. We have been investing heavily in modern technologies and processes, including increasing the use of event based real-time processing and cloud technologies. Risk Cubed v8.0, due for release in Q1 of 2021, will introduce support for SQL Server 2019 and move to Angular 9 – while discontinuing support for SQL Server versions prior to 2016.

New solution – Risk-as-a-Service

We are delighted to announce launch of  Risk-as-a-Service (RaaS). Developed in partnership with Numerix and IOWArocks. The new service delivers advanced credit, market and compliance risk analytics in a flexible, scalable solution with both end-of-day and real-time capabilities.

Read the press release here.

Cubes at home

Like the rest of the world we have been mostly working from home this year. Here’s a few snaps from our team all over the world!

‘My new home’ – Windsor Castle, UK, Alexandra Cristina Dediu