TORSTONE NAMED BEST POST-TRADE SYSTEM AT THE SYSTEMS IN THE CITY FINANCIAL TECHNOLOGY AWARDS 2020

London – 21 September 2020 –  Torstone Technology, a leading provider of post-trade securities and derivatives processing, today announced that its software as a service (SaaS) platform has been recognised as the Best Post-Trade System at The Systems in the City Financial Technology Awards 2020.

With over 100 companies nominated and 45 short-listed, the annual Systems in The City Financial Technology Awards recognises and rewards the leading service and system suppliers to the regulated financial community. This year’s winners were announced during an online ceremony hosted earlier in the month.

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.

Stephen Pinner, Managing Director at Goodacre UK, the company responsible for organising the awards, said: “The past 12 months have been exceptionally challenging for all, including financial markets participants. Individuals and firms supporting the FinTech sector have provided tremendous support, working behind the scenes to ensure business continuity. This year, more than ever, all nominees and winners should be congratulated for their efforts”.

Commenting on the win, Brian Collings, Chief Executive, Torstone Technology, said: “We’re delighted to again be recognised by The Systems in The City Awards amongst fellow industry participants, following an extraordinary year of managing unprecedented levels of trading volumes amid extreme market volatility. We look forward to strengthening our industry standing by continuing to support our clients through the 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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About Goodacre UK https://www.goodacreuk.com/

Goodacre UK is a leading specialist business and technology consultancy working exclusively with regulated companies and suppliers in the Financial Services sector.
They provide services through their team of highly qualified and experienced consultants and subject matter experts. Goodacre’s client base has grown significantly since their inception in 1998 and includes many of the leading market participants, banks, regulators, stock exchanges, data providers and system suppliers.

About Torstone Technology www.torstonetechnology.com

Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing technology. We simplify the complexities of post-trade, by connecting global financial industry expertise with post-trade technology innovation. Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, we offer agile, secure, scalable, and cost-effective solutions. Torstone’s Cloud-based, award-winning Inferno technology enables global financial firms to reduce costs, achieve greater operational efficiency, drive revenue growth and minimise risk.

We are a fast-growing company headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.

Press enquiries to:
Melissa Rowling, PR
Greentarget
Direct: +44 20 7324 5490
melissa.rowling@greentarget.co.uk

Further information from:
Payal Raina, Marketing
Torstone Technology
8 Lloyd’s Avenue, London, EC3N 3EL
Direct: +44 20 7418 7928
payal.raina@torstonetech.com