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
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
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:
SOURCE: Spotware Systems Ltd