Redkite, a provider of market surveillance tools, has partnered with Cognizant, an IT, consulting and business process outsourcing firm, to improve the scalability of its product offering.
Cognizant will become a global technology partner of Redkite and help it to enhance and deliver its complex event processing-powered market surveillance solutions.
According to Justin Amos, managing director, Redkite, the arrangement will facilitate geographic growth.
“Cognizant will provide Redkite with global delivery, business continuity planning, full production-level support and systems integration,” Amos told theTRADEnews.com. “Cognizant’s global structure provides Redkite with horizontal and vertical scalability – both in terms of client numbers, speed to market and global reach – and the agile development of new applications in line with client demand.”
Redkite's flagship product, Redeye, is designed to help financial institutions detect and prevent erroneous trading patterns – such as market abuse, cross-market manipulation and insider trading – in real-time using customisable analyses and alerts.