- Gresham Computing has won a CTC contract with a major European investment bank.

The 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.

Gresham chief executive Chris Errington said: "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."

Story provided by