Gresham Computing plc, a leader in transaction control solutions to international financial institutions and corporate industries, in which it announced that the ETX Capital (ETX) is turning over Gresham’s Clareti Transaction Control (CTC) solution.

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

The implementation is included in a wider initiative to improve efficiencies across the ETX’s global operations. CTC will soon be replacing current spreadsheets and several other manual processes to be able to provide ETX with real-time financial assurance across its middle and back office outsourcing operations.

As a fast growing company, there is a solution that will scale the present requirements across the business according to the representatives of CFO and ETX Capital. The same were very impressed by CTC’s ability to commit new reconcilliations and settlement types rapidly in order to bring maximum operational efficiency to all concerned areas of the organisation.

Many are generally pleased to have yet another spread betting company ready to assist a vast multitude of traders in dealing with non-conventional commodities in this fast growing global economy. Firms such as ETX Capital manage which deals with colossal volume of transactions and it’s imperative that they have intricate enterprise-level control in place to handle such complex dealings.