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Hedge fund trading surveillance specialist Decryptex switches to MIK’s security master

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Decryptex, a provider of scientific searches for capital markets trading surveillance to hedge funds, funds of funds and private equity funds, has partnered with MIK Fund Solutions for its security master.

Decryptex employs advanced algorithms and big data to enable capital market professionals to uncover anomalous trading activity, and a robust security master is a critical piece of its offering.

Daniel Cashion (pictured), Chief Executive Officer of Decryptex, says: “Given the years of research and the strength of the platform’s foundation, we selected MIK Fund Solutions as the ‘best in breed’. Nothing is more important for our business than to have a solid foundation upon which we leverage our algorithms. We researched the marketplace, spoke with our clients, and found that MIK was the optimal solution.”

Marshall Saffer, Chief Operating Officer of MIK, says: “Financial services firms rely above all on the security master as the foundation on which trading, risk management, and analysis is based. Decryptex provides its end clients with complex compliance analytics, among other solutions. The MIK Security Master, which can be used with unparalleled flexibility and accuracy, provides Decryptex and its end clients with the confidence that critical third party analyses in compliance and other areas are reliable. We are committed to providing the industry with the data, information, and knowledge software solutions which enhance the performance equation. Decryptex’s selection of MIK confirms to us that our approach continues to anticipate market needs for firms providing leading-edge capability.”

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