London and Singapore — 13 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.
About Torstone Technology http://www.torstonetechnology.com/
Torstone Technology, headquartered in London with offices in New York, Singapore and Hong Kong, provides securities and derivatives processing software to the global financial markets. Its flagship product is Inferno which is designed to support high volumes of straight through processing for settlement of a wide range of asset classes from complex derivatives to high volume equity processing. The software is designed for today’s more fragmented and highly regulated markets.