Gresham Computing Wins CTC Order From Financial Services Firm

LONDON (Alliance News) - Gresham Computing PLC Tuesday said it has won a new contract to provide its CTC risk management platform.

Gresham said an unnamed buy-side financial services company is to use the CTC platform for matching and reconciling broker fees, cash allocation and bank reconciliations.

The software company did not provide any financial details about the contract.

"We are pleased to announce this new CTC contract win, which adds a further customer to our growing base in the fund management sector," said Gresham Chief Executive Officer Chris Errington.

Gresham shares were untraded on Tuesday. The stock last traded at 61.25 pence.

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

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