ETX rolls out Gresham CTC reconciliation tech

Source: Gresham Computing plc

Gresham Computing plc, a leading provider of transaction control solutions to international financial institutions and corporates, today announced that ETX Capital (ETX) is rolling out Gresham's Clareti Transaction Control (CTC) solution.

The spread betting and CFD trading company will initially be using CTC to automate the reconciliation of its general ledger cash movements for client trade activity, card transactions and mobile payments.

The implementation is part of a wider initiative to improve efficiencies across ETX’s global operations. CTC will be replacing existing spreadsheets and other manual process to provide ETX with real-time financial certainty across its middle and back office operations.

“As a rapidly growing company, we need a solution that is able to scale to our requirements across the business” said Marcus Scarlett, CFO, ETX Capital. “We were impressed by CTC’s ability to onboard new reconciliation types rapidly so we can bring maximum operational efficiency to all areas of our organisation.” 

“We’re pleased to have another spread betting firm on our books,” said Bill Blythe, Global Business Development Director, Gresham Computing. “Companies like ETX Capital manage huge volumes of transactions and it’s crucial that they have enterprise-level controls in place to facilitate this.”

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