CTC Contract Win

RNS Number : 4689E

Gresham Computing PLC

10 February 2015

 



RNS Reach

10 February 2015

Gresham Computing plc
("Gresham" or "the Company" or "the Group")
CTC contract win

Gresham, the leading software and services company that specialises in providing real-time financial transaction control software to the global matching and reconciliation market, announces the following CTC contract win:

A major European investment bank has purchased CTC to provide control over its adherence to certain transaction reporting regulations, compliance with which is enforced in this case by the UK Financial Conduct Authority.  The bank's transaction data will be validated by the CTC control platform against specific Approved Reporting Mechanism formats and rules, prior to being reported.

Chris Errington, CEO of Gresham, commented:

"Regulatory pressures on financial market participants continue to grow, with an increasing focus on accurate reporting of transactional information to the market and regulators. CTC is a robust platform from which to control and validate this transactional information providing customers with certainty over their compliance with regulatory requirements."

- Ends -

For further information please contact:

Gresham Computing plc Chris Errington, CEO Rob Grubb, CFO	[phone]
N+1 Singer Shaun Dobson, Head of Corporate Finance Emily Watts	[phone]

 

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