OpenGamma Announces Completion of SOC 2 Type 1 Certification

OpenGamma Announces Completion of SOC 2 Type 1 Certification
06.06.2019 11:28 am

OpenGamma Announces Completion of SOC 2 Type 1 Certification

Trading Systems

OpenGamma, an analytics firm providing software dedicated to reducing the cost of trading derivatives, has announced its successful completion of the Service Organisation Controls (SOC) 2 Type 1 certification. Following a period of extensive auditing OpenGamma has been certified by Ernst & Young (EY) for its controls relating to security, highlighting its commitment to protecting customer data.

Developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 is the standard for security compliance by hosted service providers. Firms must demonstrate their ability to design and implement controls, policies, procedures and practices to protect the interests of their clients.

Peter Rippon, CEO at OpenGamma: “This certification marks a significant step towards achieving our long term goals. Managing customer data has always been a top priority and this independent validation demonstrates just how seriously we take handling our clients’ sensitive position files.”

Beyond security, SOC 2 compliance provides customers with an assurance of high levels of organisational maturity, from the internal processes around customer commitments to the professional development of employees. OpenGamma is committed to performing further SOC 2 examinations in future years, providing ongoing confidence in its ability to maintain and expand on these high standards 

Related News

DTCC MF Info Xchange Launches New Capabilities as User Base Grows to 134 Clients

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its MF... Read more »

Eventus Systems selects Itiviti’s Managed FIX Service for drop copy consolidation

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that Eventus Systems, a multi-award winning global trade surveillance... Read more »

DriveWealth announced its first partnership in Thailand

DriveWealth, LLC, a U.S. based leader in global digital trading technology, announced its first partnership in Thailand... Read more »

Nomura Expands Pico Relationship to Accelerate Growth of Global FX and Rates Businesses

 Nomura, Asia’s global investment bank, has selected Pico, a leading provider of technology services for the financial markets community globally, to build, host and manage a... Read more »

PT Bahana Sekuritas deploys Itiviti’s high and low-touch trading solution

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that PT Bahana Sekuritas, a major player in the Indonesian capital... Read more »

VoxSmart Acquires Fonetic Trading Business to Build Comprehensive Communications Surveillance Platform for Capital Markets

VoxSmart, the global leader in mobile surveillance technology, has announced its acquisition of the Fonetic Trading business to deliver a comprehensive communications... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel