Torstone Technology has opened a new office in Toronto to support its growing base of North American clients.
The announcement comes after Credit Suisse Canada selected Torstone’s post-trade processing platform to replace its existing third-party outsourced operations to support its institutional equities business.
Torstone’s platform covers trade capture, confirmation, settlement, accounting, risk management, corporate actions, reconciliation and regulatory reporting.
It provides a fully integrated user experience for risk managers, middle- and back-office staff.
According to Torstone Technology, the platform increases straight-through processing and reduces manual effort.
Brian Collings, chief executive of Torstone Technology, said: “Our Toronto office will allow us to expand our capacity to help Canadian banks and brokers to reduce their total cost of ownership, minimise risk, and drive operational efficiency while achieving regulatory compliance.”
He added: “We will also leverage our Toronto team to support our overall North American business expansion and augment our global client support model.”
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