Torstone Technology Wins Best Innovation in Clearing & Settlement Solution at FTF News Technology Awards for a Fourth Time
London, 31 May 2023 – Torstone Technology, a leading global provider of SaaS solutions for post-trade securities and derivatives processing and risk management, is thrilled to announce that it has been honoured with the prestigious FTF News Technology Innovation Award for 2023 in the Best Innovation in a Clearing and Settlement Solution category. This remarkable achievement marks the second consecutive year that Torstone has received this industry recognition, and the fourth year overall, having also won the category in 2019 and 2018.
The FTF News Technology Innovation Awards, presented annually, celebrate outstanding accomplishments in post-trade processing and acknowledge industry participants who have demonstrated remarkable progress and noteworthy achievements in operational excellence throughout the previous year.
Torstone’s cloud-based post-trade platform has once again proved its mettle, impressing industry experts and voters alike. 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.
Brian Collings, Chief Executive of Torstone Technology, commented “We are deeply honoured to be recognised once again as a market leader, particularly at a time when regulatory changes and the industry’s move towards T+1 are driving firms to optimise their operations. This consecutive win is tangible proof of the quality of our platform, which we continuously enhance as our business and client base grows.”
The winners of the FTF News Technology Innovation Awards are determined by industry voting, with solution providers earning accolades for their excellence in transaction clearing and settlement operations through the utilisation of innovative technologies.
This accolade joins an array of other prestigious awards that Torstone has recently garnered, including recognition at the Waters Technology Sell-Side Technology Awards, 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.