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

A-Team Insight Blogs

Tower Research Selects Torstone for Global Cross-Asset Post-Trade Services

Subscribe to our newsletter

Electronic market-maker Tower Research Capital is deploying Torstone Technology’s Torstone Platform globally for post-trade processing across all asset classes. The firm will use the SaaS-delivered Torstone Platform to manage trade capture, accounting, reconciliations and corporate actions requirements for all of Tower Research Capital’s global entities.

Tower cited the platform’s flexibility and scalability as key factors behind the decision to implement Torstone globally for the firm’s post-trade processing. “Over the recent years we have enjoyed unprecedented levels of growth,” commented

According to COO Alan McGroarty, “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.”

Following a successful proof of concept earlier this year, the full deployment and implementation phase has now begun, says Torstone CEO Brian Collings. “The scale of their ambitions and the broad nature of their requirements demonstrates the speed, scalability and flexibility of our technology,” he says.

“Although the asset class coverage and the mechanics of the settlement and accounting are fairly standard, the fact that we’ll be taking care of Tower Research Capital’s post-trade processing across the globe on a single platform, makes them a special and highly valued client.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for eComms and multi-channel surveillance

Surveillance of multi-channel communications is a moving target as financial institutions continue to add conversational streams, in many cases mobile applications previously banned from the trading environment. With more eComms channels comes more data that must be managed, retained, and ready for regulatory compliance. For many firms, the changing shape of surveillance is a complex...

BLOG

Best Practice Approaches to Trade Surveillance for Market Abuse

Market abuse is a problem, a very big problem for financial institutions that fall on the wrong side of regulation. Penalties include eye-watering fines, reputational damage and, ultimately, custodial sentences of up to 10 years. Internally, market abuse triggers scrutiny of traders and trading behaviours, a lack of trust and the potential need for significant...

EVENT

Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 19th at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Pricing and Valuations

This special report accompanies a webinar we held a webinar on the popular topic of Pricing and Valuations, discussing issues such as transparency of pricing and how to ensure data quality. You can register here to get immediate access to the Special Report.