Torstone Technology wins Best Back-Office Platform at Waters Technology Asia Awards for the Third Time
Hong Kong, 3 July 2023 – Torstone Technology, a leading global SaaS platform for post-trade securities and derivatives processing and risk management, announces it has been selected as the winner of the Best Back-Office Platform at the Waters Technology Asia Awards, marking it the third year in a row Torstone has won this major global category and the third time the firm has taken home this award.
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 to digital assets, 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 regional offices over the past 12 months. 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 honoured to have had our platform recognised again as we continue our growth in the Asian market. The award is evidence of our ability to support regional firms in implementing new technology and easily adapt to ever-changing regulatory regimes.”
“The local teams focus on offering the highest level of support and industry knowledge that helps our existing and new customers. We maintain a clear and conscious focus in assisting our customers to reduce cost, secure greater operational control, and minimise risk as they 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 Waters Technology’s panel of senior editors and industry experts.
In April this year, Torstone was recognised as the Best Sell-Side Back-Office Platform at the WatersTechnology Sell-Side Technology Awards, following several other accolades for Torstone including recognition at the Harrington Star’s Most Influential Financial Technology Firms of 2023 and winning Post-Trade System of the Year at FOW International Awards in 2022.
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.