TORSTONE NAMED BEST BACK-OFFICE PLATFORM AT WATERS TECHNOLOGY ASIA AWARDS 2020
London – 10 July 2020 – Torstone Technology, a leading provider of post-trade securities and derivatives processing, today announced that its SaaS platform has been recognised as the Best Back-Office Platform in the WatersTechnology Asia Awards 2020.
The annual WatersTechnology Asia Awards recognise excellence in the deployment and management of financial information and technology within Asia’s capital markets community. The final list of awards winners is determined by an experienced and independent panel of judges. Earlier this year, Torstone was also recognized as Best Sell-Side Back-Office Platform and Best Sell-Side Product at the global WatersTechnology Sell-Side Technology Awards.
Torstone offers a scalable, cross-asset post-trade processing cloud platform designed to support high volumes of straight through processing (STP) for a wide range of asset classes, from complex derivatives to high volume equities, on a modern cloud-based infrastructure. The platform can fully integrate middle- and back-office and accounting functions, covering trade capture, risk, confirmation, settlement, accounting, and reconciliation, offering a post-trade solution that is fast, flexible, and future-proof.
Over the past year, Torstone has expanded its footprint in the Asian market, doubling both the size of its Hong Kong and Japan offices with a number of senior hires. Torstone also strengthened its market expertise in Singapore to support firms through their transition away from legacy systems. In November 2019, Saxo Bank Japan replaced its legal ledger legacy system with Torstone’s platform to support regulatory reporting on the cloud for its equity business.
Commenting on the win, Brian Collings, Chief Executive, Torstone Technology, said: “Following another year of industry implementation and adjustment to regulatory regimes whilst mitigating extraordinary levels of market volume and volatility, we’re delighted to again be recognised by WatersTechnology at these prestigious Asian industry awards. We look forward to continuing to strengthen our presence in Asia, supporting regional firms in their growth through implementation of new technology in conjunction with our efforts to enable reduced costs, secure greater operational control and minimise risk while ensuring regulatory compliance.”
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