Priestley/Campbell venture CubeLogic launches
26 September 2016 | 1854 views | 0
CubeLogic Limited, a former OpenLink operating division, and owner of the CubeIntelligence application, is now an independent entity with continuing management led by industry veterans David Priestley and Lee Campbell. The company is headquartered in London, with representation in the US and Asia.
With over 20 of the world’s leading Energy and Commodity traders using the platform for Credit Risk, Market Risk, Liquidity Management and Regulatory Compliance, the newly formed group is set to launch a new Cloud Based One-Stop-Shop solution.
David Priestley, Executive Chairman at CubeLogic commented, “Market volatility, coupled with increasingly onerous regulatory changes, are driving the disciplines of Credit Risk, Market Risk and Liquidity Management closer together. Our clients require integrated, highly functional solutions that will sit on top of their trading and accounting systems. Our new cloud based offering will satisfy this urgent requirement and provide our users with a robust and secure risk reporting platform which can quickly and easily be adapted to accommodate changing market conditions."
Lee Campbell, CEO and joint founder explained, “The ability to provide our proven, risk, liquidity management and regulatory compliance solutions in the Cloud was the next logical step for the business. With all firms under similar pressures to keeps costs under control, while remaining competitive in an unpredictable market, this new approach will significantly shorten implementation times, improve productivity, cut overall operating costs and position our clients at the forefront of best practice in the industry."