StockMarketWire.com - Gresham Technologies signed a 'strategically significant' contract with a global central counterparty and rates and multi-asset class clearing house.
The total committed software fees chargeable under the subscription contract were approximately £1.2m over the 5-year initial term, the company said.
Following a robust evaluation of current market offerings, the firm had selected Gresham's Clareti platform, including Clareti Transaction Control and Clareti Adapters, to replace multiple fragmented tools and manually intensive reconciliation and control processes with a new enterprise-wide solution to be used across the firm's international clearing operations, the company said.
At 9:59am: [LON:GST] share price was 0p at 0.32p
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