smartTrade Technologies reports successful completion of SOC2 audit

Provider of multi-asset end-to-end trading solutions smartTrade Technologies has announced the successful completion of a Service Organization Control (SOC 2) audit examination.

The engagement was conducted by McGladrey LLP, a U.S. provider of assurance, tax and consulting services. The audit was carried out in accordance with attestation standards established by the American Institute of Certified Public Accountants.

For smartTrade the objective of the SOC2 audit was to examine the description of smartTrade Technologies’ Liquidity Management System and the suitability of the design of the controls to meet the following principles:

  • Security: The system is protected against unauthorized access (both physical and logical).
  • Availability: The system is available for operation and use as committed or agreed.
  • Processing Integrity: System processing is complete, accurate, timely, and authorized.
  • Confidentiality: Information designated as confidential is protected as committed or agreed.

“We are well aware that financial institutions are concerned with operational risks and liability that might be incurred when outsourcing hosting and data management to a third party,” commented David Vincent, CEO of smartTrade Technologies.

“smartTrade strives to supply our clients with the highest quality of services and meet the highest compliance standards throughout our entire workflow. Successfully completing this audit guarantees our clients the usage of safe standardized procedures when handling their data and acknowledges smartTrade as a reliable and trusted partner.”

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