GHT.L Share News (GHT)

LONDON (Alliance News) - Gresham Computing PLC shares rose in early trade on Thursday after the company said it has won three further contracts for its CTC risk management platform.

Gresham shares were up 19% to 77.55 pence, making it one of the best performers in the London market, after it said it won contracts for its CTC platform from a derivatives clearing house and from a legal services business.

Gresham did not specify the names of the two clients and did not provide any financial details on the contracts.

It also said a buy-side financial services company, also unnamed, has contracted to use CTC for matching and reconciling broker fees. It also did not provide financial details on that contract.

"These wins contribute to our CTC revenue forecasts, primarily for 2015 and beyond, and our growing list of CTC customers provides further evidence that CTC is becoming a leading matching and reconciliation solution in the market," said Gresham Chief Executive Officer Chris Errington.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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