During this year’s annual audit season, Fair Trading Technology (FTT Sweden AB) has successfully passed the International Standard on Assurance Engagement (ISAE) No. 3402 type I audit. Over the years, ISAE 3402 has been established to offer an international standard on the controls at service organizations that are likely to influent the user organization’s system over financial reporting.
Fair Trading Technology (FTT) is a well renowned software-as-a-service provider to the forex industry, offering a scalable solution for forex brokers of all sizes. FTT provides white labels of third-party trading platforms, access to liquidity providers through our bridging technology, and back-office tools including the trader’s room, affiliate system and CRM in our proprietary BrokerTools suite.
To further illustrate, in this ISAE 3402 report we have covered various aspects of our controls towards different stages of the white label business, including but not limited to, the technology, control environment, key business and IT procedures and controls.
After viewing the report, the service auditor expressed a positive opinion on the relevant features of FTT’s controls which are appropriately designed to accomplish control goals and have been effectively placed in operation.
With the approval from the independent service auditor, FTT Sweden AB is an ISAE 3402 approved White Label provider. The CEO, Jonas Eldborn, gives a short message regarding the audit:
“We place a great emphasis on our clients. We understand they care about their business as well as security, that is why we put extra effort in building a bespoke solution for our clientswhileestablishingeffectively designed controls. Getting the ISAE 3402 quality assurancethis year is just another proof that brokers can rely on us.”