Torstone Technology’s Middle Office Product Receives Certification with DTCC’s CTM Service

Torstone Technology, A SaaS Provider Of Post-Trade Securities And Derivatives Processing Solutions, Has Successfully Completed Product Certification Of Its Middle Office Product With DTCC’s CTM Service. This Means They’ve Got The Green Light To Go Ahead With Their Middle Office Product And DTCC’s CTM Service. David Pearson, Product Owner For The Torstone Middle Office, Said: “We Are All About Making Sure Our Post-Trade Stuff Works Great For All Kinds Of Assets, Making It Super Easy To Process And Fix Any Problems.

“By Giving Our Clients Access To CTM And ALERT, We’re Taking A Big Step Forward In Providing Them With The Latest And Greatest Middle Office Features To Meet The Needs Of Their Buy-Side Clients And The Regulators.”

DTCC Is The Big Player In The Post-Trade Market Infrastructure For The Global Financial Services Industry.

DTCC’s CTM Is A Central Matching Platform Used By End-User Clients To Allocate And Centrally Match Transactions Globally Across Multiple Asset Classes.

Val Wotton, Managing Director And General Manager Of DTCC Institutional Trade Processing, Said: “We’re Happy That Torstone Has Got The Thumbs Up For Their Middle Office Product With CTM To Help Our Mutual Clients Get Ready For The Industry’s Move To T+1.

“With CTM’s Automated Central Matching And Open Architecture, Firms Across The Industry Can Speed Up Settlement. We’re Excited To Help A Wide Range Of Market Players Get Set For A Smooth Transition To T+1.”

As The Global Market Gears Up For The Switch To A T+1 Settlement Cycle In 2024, Torstone’s Certification With CTM Is Right On Time And Super Important, Giving The Global Investment Community The Ability To Automatically Match Transactions And Make The Post-Trade Process Accurate And Efficient To Fit The Tighter Settlement Windows Coming Up.

This Certification Shows That Torstone Is Serious About Investing In Tech That Deals With The Tricky Parts Of Post-Trade Processing, Giving Clients The Tools To Handle The Complex Financial Market With Ease And Confidence.

By Finishing The Certification Process Of Torstone’s Middle Office Product With DTCC’s CTM Service, The Torstone Platform Is Now Faster And Cheaper To Set Up, Giving Clients A Reliable, Secure, And Streamlined Environment For Managing Their Post-Trade Activities.

And Because DTCC’s CTM Includes Enrichment From DTCC’s ALERT, The Biggest Online Global Database For Account And Standing Settlement Instructions (SSI), Torstone Clients Will Have Access To Top-Notch SSI Enrichment.

Brian Collings, CEO Of Torstone Technology, Said: “We’re Thrilled To Team Up With DTCC To Offer The CTM Trade Matching Service Through Our Platform To Our Clients In Asia, The Americas And Europe. With Major Post-Trade Changes On The Way, Including T+1 For North American Markets In 2024, Torstone Technology Provides A Real-Time, Event-Driven Platform To Meet Our Clients’ Needs For Efficiency And Accuracy.”