Ireland-based capital markets firm Davy Capital Markets (Davy) has selected the Torstone Platform for its post-trade processing.
Davy is a specialist in wealth management and capital markets, operating in Dublin, London, and Ireland.
Through the mandate, Davy will have access to Torstone’s automated straight-through processing (STP) capabilities to reduce manual effort for clients, middle-office, and back-office staff.
Torstone covers electronic trade capture, allocation, confirmation, settlement, accounting, corporate actions, reconciliation, and regulatory reporting.
Killian O’Connell, chief information officer at Davy, comments: “We have built and maintained our own post-trade platform for many years, and this has served us very well, as it has been designed to our specific requirements. Looking ahead, we recognised the need to constantly evolve and future proof our technology stack and, once we decided to buy versus build, Torstone offered the standout solution.”
Brain Collings, CEO of Torstone Technology, says: “We are delighted that Davy has taken the decision to move to our agile and fully integrated post-trade platform. We are looking forward to partnering with Davy and are committed to providing them with the flexible, scalable solution that they need as their business evolves.”
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