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Salient CRGT Wins $5M Subcontract to Provide Data Analytics to Prevent Market Fraud

Supporting the U.S. Commodity Futures Trading Commission by Providing Data Quality Management

FAIRFAX, Va., Nov. 14, 2017 /PRNewswire/ -- The commodity futures and swaps markets are essential to the growth of the U.S. economy, yet businesses and investors are often at risk of market fraud, manipulation, or abusive practices. The U.S. Commodity Futures Trading Commission (CFTC) aims to protect market users and their funds, consumers, and the public from fraudulent activities. In support of this mission, Salient CRGT, Inc. was awarded a subcontract by Oasis Systems, LLC to support the Data Analysis, Analytics, Processing, Quality and Outputs/Reports/Presentation Task Order, to provide data analytics to CFTC. This subcontract has an anticipated value of $5 million.

Ken Raffel, Salient CRGT

As a subcontractor to Oasis, Salient CRGT will support the CFTC staff in reviewing, manipulating, visualizing, and understanding the data submitted in order to satisfy the mission of the CFTC. The team will also conduct data quality management activities that improve data quality for a designated, high-volume data stream.

"Data analytics is one of our fastest growing segments and plays a pivotal role in maximizing enforcement, surveillance, and compliance," said Ken Raffel, SVP of Data Analytics at
Salient CRGT. "Our big data services help the CFTC in fostering open, transparent,
competitive, and financially sound markets."

"The CFTC is a tremendous proponent in identifying and ceasing potential fraudulent practices that victimize so many every year," said Tom Ferrando, President of Salient CRGT. "Our team's experience, having delivered over 450 data analytics projects across more than 30 federal agencies, ensures our data analytics services will make an immediate positive impact to assist the CFTC 's in ensuring the integrity of the futures and swaps market."

About Salient CRGT
Salient CRGT provides federal civilian, defense, homeland, and intelligence agencies, as well as Fortune 1000 companies, with expertise and leadership in health, data analytics, cloud, agile software development, mobility, cyber security, and infrastructure solutions. We support these core capabilities with full life‐cycle IT services and training—to help our customers meet critical goals for pivotal missions. The most innovative talent delivery model in the industry, scientifically providing exactly the right people for the customers' most pressing requirements, fuels these critical capabilities. Salient CRGT has earned a record of success with integration and operations of large‐scale, high‐volume solutions. On March 1, 2017, Salient CRGT completed its acquisition of Information Innovators, Inc. Visit newsroom and explore www.salientcrgt.com.

Tweet: .@Salient_CRGT awarded $5M subcontract from Oasis Systems, LLC to utilize #DataAnalytics to assist @CFTC in preventing #MarketFraud. http://bit.ly/1MGSz5l

 

Tom Ferrando, President of Salient CRGT

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SOURCE Salient CRGT

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