Flash News Release

Guardtime Keyless Signatures Provide a Regulatory Compliant Audit Trail for WDX Market Reference Data

Press Release   •   Aug 07, 2012 15:48 IST

Palo Alto, CA (USA) / London (UK), Tuesday - August 07, 2012 -- Excessive volatility in foreign exchange rates creates a tremendous amount of business uncertainty, the WOCU® World Currency Unit by WDX Organisation is a contemporary derivative currency basket comprised of quoted currencies, providing the perfect “off the shelf” natural currency stabilization solution to this issue. The guarantee of accuracy and authenticity of this data must be absolute for regulatory authorities and auditors in the event of a dispute. WOCU’s integration of the Guardtime Keyless Signatures provides independent and legally enforceable proof that distributed WOCU fixing data has not been compromised.

"The recent Libor scandals show how important it is for financial institutions to have a secure audit trail around market reference data, one that will stand up in court and regulatory compliance and cannot be manipulated by insiders with system access. There here is no better example than WDX and WOCU," says Mike Gault, CEO of Guardtime. "We're happy to help WDX in securing an audit trail for their market reference data, a solution especially relevant in today's economic climate."

Mike Blakey, Managing Director of the WDX Organisation, said, “WOCU data and applications allow our clients to fully recognize the value of the WOCU as a natural currency stabilizer. With the integration of the Guardtime Keyless Signatures ( http://www.guardtime.com ), our clients now have the proof they need that WOCU fixing data is authentic and tamper-free. This supports our goal of promulgating the unfettered use of the WOCU in markets and businesses around the world.”

As a result of the integration of Guardtime Keyless Signatures ( http://www.guardtime.com ), all WOCU fixing data is indelibly signed to prove integrity and authenticity, concurrent with delivery to WOCU subscribers; WDX Organisation Limited maintain long-term proof of integrity for historical currency values without the need to manage complex and expensive PKI-based systems.
About Guardtime:
Guardtime was founded with the goal of solving one of the biggest problems in computing: how to be sure electronic data is authentic. Guardtime's Keyless Signatures provide proof of origin and that not a single bit has changed since a specific point in time. The verification of the signature can be done offline without reliance on keys, secrets, or the existence of a trusted third party. Guardtime's mission is to change the world to one in which Keyless Signatures are ubiquitous and a natural part of the everyday data lifecycle, whether on disk, in transit, or in the Cloud. Visit http://www.guardtime.com for more information about using Keyless Signatures for signing your data.
About WDX Organisation Limited and the WOCU:
WDX is a private company based in London, England. It is the owner and distributor of the WOCU, a standardised, apolitical, real time derivative currency quotation based on the real time exchange rates of the currency pairs of the world's top 20 nations as determined by IMF measures of GDP. The WOCU, its constituent currency pairs weighted in line with GDPs, is a generally less volatile currency unit than traditional currency pairs, balancing currency risk and offering commercial advantage for users. WOCU prices, information about WDX and other data can be found at http://www.wocu.com.

Press & Media Contact:
Victor Cruz, Principal
MediaPR.net Inc
Palo Alto, CA - USA
+1 978-594-4134