Country for PR: United Kingdom
Contributor: PR Newswire Europe
Saturday, June 23 2012 - 04:05
AsiaNet
cTrader (Spotware) Completes ISAE 3402 Type I Audit
LONDON, June 23 / PRNewswire-AsiaNet/ --

     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 culture.

     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 ].

     For further information, please contact:

     Brian Martin
     cTrader Ltd
     Tel: +44(0)207-743-8805
     Email: brian.martin@ctrader.com

     SOURCE: Spotware Systems Ltd 
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