Torstone Technology wins Best Innovation in Clearing & Settlement Solution at FTF News Technology Innovation Awards 2022 for a third time
London, 26 May 2022 – Torstone Technology, a leading global SaaS platform for post-trade securities and derivatives processing and risk management, announced today that its cloud-based post trade solution for the back office has been awarded Best Innovation in Clearing & Settlement Solution at the FTF News Technology Innovation Awards for the third time, having also won the category in 2019 and 2018.
The annual FTF News Technology Innovation Awards recognise accomplishments in post-trade processing and industry participants that have made significant advances and notable achievements in operational excellence over the past year.
The Torstone Platform is a multi-asset, multi-entity cloud-based solution, covering electronic trade capture, allocation, confirmation, settlement, accounting, risk, corporate actions, reconciliation and regulatory reporting. The platform provides a comprehensive, flexible user experience for middle- and back-office staff, increasing automated straight through processing (STP) and reducing manual effort.
Commenting on the win, Brian Collings, Chief Executive of Torstone Technology, said: “We are honoured that our platform has been recognised as a market leader once again, at a time when regulatory changes and the push towards T+1 are putting firms under ever-more pressure to increase the efficiency of their operations. Our string of recent award wins demonstrates the quality of our platform, which we continue to build on as our business continues to grow.”
The winners of the FTF News Technology Innovation Awards were determined by the industry, voting for solution providers that they felt achieved excellence in transaction clearing and settlement operations using innovative technologies.
The award follows several other accolades for Torstone, including recognition at the Waters Technology Sell-Side Technology Awards, Risk Awards, IBSi FinTech Innovation Awards, Harrington Star’s Top 1% Workpace 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.