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Torstone Technology, a global software-as-a-service (SaaS) platform provider for post-trade securities, derivatives and crypto-currency processing, has entered into an agreement with Tower Research Capital.
The agreement will allow the global electronic market maker Tower Reseach to utilise the Torestone platform for post-trade processing across all traded asset classes, globally.
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’s global entities.
Speaking on the partnership, Alan McGroarty, chief operating officer at Tower Research Capital, comments: “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, chief executive officer of Torstone Technology, adds: “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.”
