Torstone Technology expands in Asia
Torstone CEO Brian Collings
Torstone Technology, a post-trade securities and derivatives processor, has further expanded in Asia with new appointments and the launch of a standalone reporting module in Japan.
The company says “in the coming months” Gordon Russell will start his tenure as head of sales and business development for Asia, based in Singapore.
This follows previous and separate appointments in Hong Kong and Singapore in December 2015.
Russell joins Torstone with over 20 years’ experience in financial services technology, most recently as global head of risk, at Broadridge. Prior to this he held a number of senior roles across the Asia region with Sungard (now FIS) and Reuters.
The new Japan reporting module will be made available through Torstone’s flagship post-trade securities and derivatives processing system, Inferno.
The module will provide operational support to investment banks trading a “wide range” of asset classes, according to the vendor, including fixed income, equities and derivatives, which must comply with various reporting requirements mandated by the Bank of Japan, the Japan Financial Services Authority, the Tokyo Stock Exchange and the Japan Securities Dealers Association.
In December last year, Torstone CEO Brian Collings looked at the “extensive discussion about what role blockchain can play in making processes in the financial services industry more efficient”.
