Torstone Technology has completed product certification of its middle office product with DTCC’s central trade matching (CTM) service. This will provide clients with automated central matching capabilities and facilitate an accurate and efficient post-trade process to align with the upcoming tighter settlement windows, the company says.
By completing the certification process, the Torstone platform is now quicker and cheaper to implement, providing clients with a reliable, secure, and streamlined environment for managing their post-trade activities, says Torstone.
David Pearson, product owner of Torstone middle office comments: "We are focused on providing rich post-trade functionality across multiple asset classes, enabling straight-through processing through the allocation and confirmation workflows, and rapid error identification and resolution for any issues.
“By providing access to CTM as well as ALERT, we’ve taken another step forward on our mission to provide our clients globally with the next generation of middle office functionality to meet the requirements of their buy-side clients and the regulators.”
Val Wotton, managing director and general manager of DTCC Institutional Trade Processing, says: “With CTM’s automated central matching and open architecture, firms across the industry can facilitate accelerated settlement.”
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