News Column

Macquarie selects Gresham CTC to deliver automated recs for derivative transactions via Amazon cloud

July 1, 2014

London -- Gresham Computing plc today announced that Macquarie Futures has opted to use Greshams Clareti Transaction Control solution (CTC) in the Amazon Web Services (AWS) cloud, to deliver automated reconciliation and exception management services to clients that use its brokerage services in North America for trading futures and listed derivatives.

As part of its commitment to deliver excellence in pre-trade, point of trade and post trade execution in listed derivatives across global markets, Macquarie was determined to implement the most advanced reconciliation technology, and to make the service available to clients in real-time through Amazons secure cloud.

When logging on to the Macquarie portal clients will be able to use CTC to reconcile all open future positions and cash flows in real-time and to proactively manage any risks associated with their portfolio. They will also benefit from immediate alerts if a trade fails to complete or an error is detected. Automating the reconciliation process in this way will allow Macquarie and its clients to benefit from real-time business-driven controls, more effective risk management and significant operational efficiencies.

Matt Sauer, Global Research Manager, IDC Financial Insights said, Macquarie is taking a truly innovative approach in implementing CTC over the cloud to deliver real-time reconciliation services directly to clients. The industry has been striving for cost effective ways to help firms manage their risk more proactively. Allowing clients to carry out real-time reconciliations in this way is a real differentiator for Macquarie and represents a step change away from costly and less effective manual processes.

Using CTC Macquarie will be able to offer its clients a rapid and smooth on-boarding process for new reconciliations, a functionally rich and intuitive user interface that allows enhanced research capabilities, improved financial certainty and increased efficiency.

Historically clients have relied on spreadsheets to keep track of open futures positions and have performed manual reconciliations with their broker to ensure everything tallies at the end of the day. Only discovering discrepancies or trade failures at the end of the day is a risky strategy and can leave a firm open to significant unplanned exposure in their portfolio, said Chris Errington, CEO, Gresham Computing. Macquarie shows great vision in bringing real-time, cloud-based reconciliation services to the world of futures and listed derivatives we are pleased that they have selected us to help them execute these plans.

Automated reconciliations is the first in a series of innovative added value services Macquarie plans to offer as it continues to expand its futures and listed derivatives business in North America.

About Macquarie

Macquarie Group (Macquarie) is a leading provider of banking, financing, advisory, investment and fund management services. The Group has offices in all major financial centres. Founded in 1969, Macquarie employs more than 13,600 people in 28 countries. At 31 March 2013, Macquarie had assets under management of 282 billion.

Macquarie Futures is a specialist institutional futures broker with operations in Australia, Asia, the United Kingdom, the United States and Canada and provides clients with market coverage in listed and OTC derivatives. Supported by our global Execution, DMA and Clearing teams, Macquarie executes and clears futures and options contracts traded across a wide range of derivative exchanges.

For further information visit: About Clareti Transaction Control Greshams Clareti Transaction Control solution (CTC) enables customers to quickly and accurately identify and resolve operational risks, reduce financial transaction loss events, optimize business performance, and comply with regulatory requirements. Greshams approach allows real-time, business driven controls to be put in place as soon as a new financial product is created. This means any errors can be identified and rectified from the start (T+0), preventing potential discrepancies or loss events. Unless controls are put in place at the beginning, errors will often only come to light much later in the transaction lifecycle, for example, after the trade has been completed and an error is identified during the nostro reconciliation process.

Based on the latest technology, Greshams solution offers maximum flexibility and adaptability to respond to changing needs. This is in complete contrast to legacy hard-coded systems that are cumbersome, costly and time consuming to change.

About Gresham Computing

Gresham Computing plc is a leading software and services company that specialises in providing real-time financial transaction control solutions to the global matching and reconciliation market and is listed on the main market of the London Stock Exchange (GHT.L). With over 30 years experience and headquartered in the City of London, our many customers include several of the worlds largest financial institutions, all of whom are served locally from offices located in Europe, North America and Asia.

Further information can be found at or follow us on Twitter @Greshamplc For press enquiries contact:

Naomi Clark

Metia Ltd

T: +44 20 3100 3683



tw: @njbclark


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Source: M2 PressWIRE

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