Torstone Technology furthers Asian expansion with Singapore office.
Singapore — November 2013 — Torstone Technology, providers of securities and derivatives processing software to the global financial markets has today announced the opening of a Singapore office. In response to increasing customer demand, setting up a local Singapore office will enable Torstone to provide richly functioned, multi-asset post-trade processing technology to local brokers and investment banks in the region. This further underlines the company’s continued commitment and expansion in Asia following Torstone’s on-going success in Tokyo, Hong Kong and Myanmar.
Brian Collings, CEO of Torstone Technology commented: “Through the continued globalisation of markets, we’re seeing a marked increase in demand for new, more flexible solutions. The multi-asset capabilities of Inferno make it ideally placed to respond to this demand, help firms broaden their product coverage and at the same time drive greater efficiencies in post-trade processing. Delivering our modern technology in a hosted environment or secure virtual cloud offers cost-efficient and obsolescence-proof solutions to local brokers. Our flexible technology also allows larger clients to host themselves.”
Torstone was formed in 2012 following a management buyout from a global investment bank, where the team had previously developed the technology platform that consolidated all of the back office and accounting functions into a fast, flexible and scalable new system (Inferno). This dramatically reduced the cost base of the firm by improving operating efficiency & productivity, rationalising non-front office functions and provided management with much better control. Today Torstone provides Inferno as a fully managed, hosted solution, to banks and brokers around the globe.