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.”