Ferdec (often stylized as FERDEC) was a Berlin-based technology and consulting firm specializing in transaction surveillance solutions for energy and commodity markets. It was acquired by CubeLogic in March 2019.
Overview
Ferdec was founded as a consultancy in the energy trading and risk management (ETRM) market, with its managing director being Christian Endter. The company's headquarters were located at Rudower Chaussee 13, Berlin, Germany.
Products and Services
Ferdec's flagship product was ferdecTS®, a data analytics engine designed to process information from multiple sources for transaction surveillance. The software was capable of detecting potential market abuse patterns arising from the manipulation of both the physical characteristics of transactions and purely financial aspects—a distinction from other surveillance tools that were typically limited to financial data only. The solution was designed to address regulatory compliance requirements including MAR (Market Abuse Regulation), MAD II (Market Abuse Directive), and REMIT (Regulation on Wholesale Energy Market Integrity and Transparency).
Acquisition by CubeLogic
In November 2018, Ferdec entered into a strategic partnership with CubeLogic, a provider of business intelligence-enabled risk management solutions. This partnership was followed by a full acquisition announced on March 7, 2019. CubeLogic acquired Ferdec to integrate its transaction surveillance capabilities into the RiskCubed risk management suite. Following the acquisition, Ferdec continued to operate as FERDEC GmbH, a wholly owned subsidiary of CubeLogic, with its existing team remaining in place in Berlin.
Other Entities
A separate entity named FERDEC, S.A. is registered in Panama as an active corporation (joint-stock company), but no direct connection to the Berlin-based Ferdec has been established.
