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Gresham Computing, a provider of transaction control solutions, reports that ETX Capital (ETX) is employing Gresham’s Clareti Transaction Control (CTC).
ETX, a spread-betting, leveraged-foreign exchange and contract-for-differences (CFD) trading company, will be using CTC initially to automate the reconciliation of its general ledger cash movements for client trade activity, card transactions and mobile payments, according to Gresham officials.
The CTC implementation is part of a wider initiative to improve efficiencies across ETX’s global operations, Gresham says in a statement, in which it also notes that it will be “replacing existing spreadsheets and other manual process to provide ETX with real-time financial certainty across its middle and back office operations.”
“We’re pleased to have another spread betting firm on our books,” Bill Blythe, Gresham’s global business development director, says in the statement. “Companies like ETX Capital manage huge volumes of transactions and it’s crucial that they have enterprise-level controls in place to facilitate this.”
ETX Capital is a trading name of Monecor (London) Ltd., which, like Gresham, is a member of the London Stock Exchange.
Need a Reprint?- Read More:
- Clareti Transaction Control,
- ETX Capital,
- Gresham Computing,
- London Stock Exchange,
- Monecor,
- contract-for-differences
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