LONDON, June 22, 2012 /CNW/ - London based financial technology company,
cTrader [http://www.spotware.com] (also known as Spotware) has announced that it has received a final
report on its ISAE 3402 Type I audit, the best-practice standards
report or assurance reporting on controls at a service organization.
With an unerring focus on safety and quality assurance, cTrader has
completed an audit of its controls, putting in place mature internal
controls and measures to further enhance its position as the leader in
robust FX STP solutions.
Andrey Pavlov, CEO cTrader Ltd, said "We're delighted to have achieved
this recognition of the highest-standard controls we implement to
safeguard our clients' data for the range of Spotware products. This
serves to further strengthen our reputation for secure operational
practice, and is another example of cTrader's commitment to respect the
trust placed in us by our clients."
The ISAE (formerly SAS 70) Type I report is granted to companies who
demonstrate a level of "reasonable assurance" over the control
integrity of the processing environment and embeds a strong control
The report describes and formalizes the permanent control processes,
their objectives and the procedures used when processing operations.
Achieved under the guidance of Deloitte, ISAE 3402 Type I also offers
an opinion that system controls are suitably designed and implemented.
Notes to Media
About Spotware Systems Ltd
Spotware Systems [http://www.spotware.com ] is a London based neutral financial technology provider focusing on
e-FX STP solutions, offering comprehensive solutions for brokers, banks
and their clients.
Spotware cTrader's team of over 60 highly qualified financial and
technology experts provide an easily integrated PaaS (Platform as a
Service) solution to broker-dealers, banks, and other financial
services firms looking to implement and offer manual [http://www.spotware.com/products/client-side-applications/ctrader ] and algorithmic [http://www.spotware.com/products/client-side-applications/calgo ] NDD eFX trading [http://www.spotware.com ] and a complete back-end management system [http://www.spotware.com/products/broker-automation/cbroker ].
SOURCE Spotware Systems Ltd
For further information:
cTrader Ltd [http://www.spotware.com ]