About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Torstone Acquisition of Percentile Delivers More than the Sum of its Parts

Subscribe to our newsletter

Torstone Technology’s recent agreement to acquire Percentile will add risk management and compliance technology to the company’s post-trade securities and derivatives processes, making its Inferno platform a full-service, cross-asset, global post-trade solution. The deal will also add a compliance solution for Fundamental Review of the Trading Book (FRTB) regulation to Torstone’s portfolio.

The acquisition will be Torstone’s first, but maybe not its last, as it expands its product offer and builds on geographic growth. CEO Brian Collings says: “By covering everything in the post-trade space, we can offer clients a consolidated solution that improves total cost of ownership (TACO).”

Torstone works predominantly with mid-size to large sell-side banks and brokers, and engages with CEOs, chief operating officers and heads of operations. With the acquisition of Percentile, the company will also capture chief risk officers and be able to move into the buy-side to service hedge funds and asset managers.

Collings describes the acquisition as a good fit for Torstone strategy, as both companies focus on cloud-based, software-as-a-service, cross-asset solutions designed to lower TCO. Percentile’s FRTB solution offers risk aggregation and capital calculations out of the box, and can support both the regulations’ Internal Model Approach (IMA) and Standardised Approach (SA).

While Torstone and Percentile have had a working relationship for some time, Collings says the acquisition is a perfect opportunity, timing wise. He adds: “With FRTB coming up, financial institutions are looking at our strategy and we are talking to them about FRTB and compliance.” Torstone is also helping clients address the requirements of Central Securities Depositories Regulation (CSDR).

Anthony Pereira, CEO of Percentile will continue to head the risk business within Torstone, which after the acquisition will expand to 76 employees with plans to reach 95 by the end of the year. With offices in London, New York, Honk Kong, Singapore and Tokyo, the company has recently expanded its London headquarters to support growth in European business.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The Vanishing Close: Rethinking Trade Surveillance for Always-On Markets

Date: 2 December 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Global markets are moving steadily towards longer and increasingly continuous trading. Extended-hours initiatives in US equities, the growth of overnight venues and the emergence of new markets and instruments are challenging assumptions that have underpinned trading and surveillance systems...

BLOG

Bruce Markets and ABN AMRO Tackle the Infrastructure Challenge of 24×5 US Equities

The push towards near-continuous trading in US equities is moving beyond the question of whether execution venues can remain open overnight. Increasingly, attention is turning to whether the market infrastructure surrounding those venues, from clearing and market data to routing, risk management and operations, can support the same extended trading window. That shift is reflected...

EVENT

Data Management Summit London

Now in its 17th year, Data Management Summit (DMS) London returns In April 2027, to explore how to use data and AI to drive measurable business outcomes reliably, repeatedly and at scale.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...