Source: Torstone
Torstone Technology, a leading global SaaS platform for post-trade securities and derivatives processing, announced today that Numis, the leading independent UK investment bank and corporate adviser has extended its use of the award-winning cloud-based Torstone Post Trade platform, to manage their obligations under the Central Securities Depositories Regulation (CSDR).
The Torstone Post Trade platform is a multi-asset, multi-entity cloud-based SaaS solution, covering electronic trade capture, allocation, confirmation, settlement, accounting, risk, corporate actions, reconciliation and regulatory reporting. The platform provides a comprehensive, flexible user experience for middle- and back-office staff, increasing automated straight through processing (STP) and reducing manual effort.
Commenting on the decision, Tim Valmas, Head of Technology at Numis said: “Regulatory preparedness is critical to our business. As CSDR implementation approaches, having a best-in-class solution that meets our obligations and gives us the flexibility to adapt to the regulation as it evolves is vital. As an existing user of Torstone Post-Trade, extending our use of the platform was a natural choice as it suits our needs, ensuring we are fully prepared for the incoming regulation.”
Brian Collings, CEO of Torstone Technology, said: “We are delighted that Numis has extended their use of Torstone Post Trade to manage the requirements around CSDR. As this regulation evolves, we remain committed to supporting Numis, and all of our clients, in meeting their regulatory obligations and achieving greater operational efficiency.”
Torstone’s partnership with Numis began in 2019, when Numis onboarded Torstone’s platform for its growing business.