Tower Research chooses Torstone for post-trade services

London, 17 May 2022 – Torstone Technology, a leading global SaaS platform provider for post-trade securities, derivatives and crypto-currency processing, announced today that Tower Research Capital, the global electronic market maker, has entered into an agreement to utilise the Torstone Platform for post-trade processing, globally, across all traded asset classes.

Torstone’s post trade platform is a multi-entity, multi-asset cloud-based SaaS solution, which will manage the trade capture, accounting, reconciliations and corporate actions requirements for all of Tower Research Capital’s global entities.

Commenting on the relationship, Alan McGroarty, Chief Operating Officer at Tower Research Capital said: “Over the recent years we have enjoyed unprecedented levels of growth. As we continue to diversify into new asset classes and trading strategies, at ever increasing volumes, we need a flexible scalable solution. 

“Torstone’s post trade platform has demonstrated great capability. They are providing a highly flexible cloud based solution capable of scaling, when required, to provide us with the confidence we need to continue to press our growth strategy.”

Brian Collings, CEO of Torstone Technology, said: “We are delighted that Tower Research Capital has taken the decision to utilise our Post Trade platform. The scale of their ambitions and the broad nature of their requirements demonstrates the speed, scalability and flexibility of our technology. We are looking forward to partnering with Tower and are committed to providing them with a global solution that allows them to continue to break new boundaries in their business.”

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About Tower Research Capital www.tower-research.com

Founded in 1998, Tower Research Capital is a proprietary trading and technology company that has built a global, multi-asset, systematic trading and investing platform. Tower deploys automated quantitative strategies with connectivity in 100+ venues. The Firm is headquartered in New York, NY with 17 offices globally and approximately 1,000 employees.

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.

Press enquiries to:
Tom Engleback
Greentarget
Direct: +44(0) 7515 922458
tom.engleback@greentarget.co.uk

Further information from:
Payal Raina, Marketing
Torstone Technology
8 Lloyd’s Avenue, London, EC3N 3EL
Direct: +44 20 7418 7928
payal.raina@torstonetech.com