Torstone Technology wins Best Back-Office Platform at Waters Technology Asia Awards for the second time
Hong Kong, 5 July 2022 – Torstone Technology, a leading global SaaS platform for post-trade securities and derivatives processing and risk management, announced today that its SaaS platform has been awarded Best Back Office Platform at the Waters Technology Asia Awards, marking the second year Torstone has won the category having also been recognised in 2020.
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/crypto, on a modern cloud-based infrastructure. The modular 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, future-proof, and able to solve tactical business problems quicker than traditional platforms.
Asia continues to be a priority growth market for Torstone, and the firm has significantly expanded both its client base and team in the local offices in the region over the past six months, including the recent expansion of the Tokyo office and appointment of Yasuaki Hayashi as Senior Japan representative. Torstone currently services a number of Asian firms and the local branches of international firms, with offices in Hong Kong, Tokyo and Singapore leveraging the unique business model of having both domain expertise and development knowledge in local languages, while providing a global support model.
Brian Collings, CEO of Torstone Technology, commented: “We are proud to have had our platform recognised as we continue our growth in the Asian market, enabling us to support regional firms in implementing new technology and adjusting to evolving regulatory regimes.”
“The local team focuses on offering a high level of local support and industry knowledge that helps support our existing and new customers. We continue to strive to help our customers reduce costs, secure greater operational control and minimise risk as part of their transition away from legacy systems.”
The awards recognised Torstone’s excellence in the deployment and management of financial information and technology within Asia’s capital markets community and were judged by
WatersTechnology’s senior editors and were announced at a ceremony on 30 July.
Earlier this year, Torstone was also recognised as the Best Sell-Side Back-Office Platform at the Waters Technology Sell-Side Technology Awards, following several other accolades for Torstone including recognition at the Risk Awards, IBSi FinTech Innovation Awards, Harrington Star’s Top 1% Workplace Awards and in the Chartis RiskTech100® 2022.
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About Torstone Technology www.torstonetechnology.com
Torstone Technology is a leading global SaaS platform for post-trade securities and derivatives processing and risk management. We simplify the complexities of operational and risk workflows by connecting global financial industry expertise with technology innovation to provide comprehensive functionality, business process automation, and world-class client service to financial institutions across the globe.
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 technology enables global financial firms to reduce costs, achieve greater operational efficiency, drive revenue growth, and minimize risk.
We are a fast-growing company headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.