Torstone Technology expands Asian activity
London, 26 February 2013 — Torstone Technology, providers of securities and derivatives processing software to the global financial markets, is expanding its financial technology business in the Asian markets. With the hiring of a local sales manager and additions to the software development and support team the Hong Kong head count is doubling.
The expansion is part of the company’s strategy to accelerate its access to the high growth, high value markets within Asia and the emerging markets, in particular.
Brian Collings, CEO of Torstone Technology said: “The workload in our Hong Kong office has been steadily increasing throughout 2012 and our clients are asking for more and more expert development resources from us. With increasing regulatory pressure and the need to consolidate and streamline in order to reduce costs, our Inferno back office technology is extremely well placed to make a major impact both in the emerging and the established Asian markets. We are therefore intensifying our sales efforts in this direction.”
About Torstone Technology www.torstonetechnology.com
Torstone is a leading global provider of cross-asset securities and derivatives post-trade processing technology. Torstone’s cloud-based, award-winning platform is fast, flexible and future-proof. It enables global financial firms to reduce their total cost of ownership, achieve greater control, minimise risk, and drive operational efficiency. Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, Torstone offers agile, secure, scalable, and cost-effective solutions.
Torstone Technology is headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.