cTrader (Spotware) Completes ISAE 3402 Type I Audit

LONDON, June 22, 2012 /PRNewswire/ --

London based financial technology company, cTrader (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 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 and algorithmic NDD eFX trading and a complete back-end management system.

For further information, please contact:

Brian Martin
cTrader Ltd
Tel: +44(0)207-743-8805
Email: [email protected]

SOURCE Spotware Systems Ltd