Ireland’s Davy Capital Markets taps Torstone for its post-trade platform
Capital markets firm Davy has tapped its partner Torstone Technology to enhance its post-trade middle and back office processing operations.
Davy Capital Markets taps Torstone Post-Trade Platform
Davy Capital Markets, which claims to manage €16 billion in client assets, says it has gone live with the Torstone Post Trade Platform this week.
The cloud-based platform contains a suite of features for post-trade reconciliations, regulatory reporting, general ledger accounting, including CREST, Sub-Agent and Euroclear Ireland settlement.
Allison Connolly, head of capital markets operations at Davy Capital Markets, says the platform will provide its corporate clients in Ireland and the UK with “the highest levels of service, automation and efficiency”.
Connolly also reaffirms the company’s confidence in meeting “the evolving demands of the financial industry” with the platform now among its arsenal.
The deployment follows Davy Capital Markets first entering into an agreement to utilise the Torstone Platform for its post-trade processing in August last year.
Commenting on the successful execution of the partnership, Brian Collings, CEO of Torstone Technology, says the platform will provide the firm with “the flexible, scalable solution they need to meet their clients’ demands and stay ahead in the ever-changing financial landscape”.
Headquartered in London, UK, Torstone Technology is a Software-as-a-Service (SaaS) vendor for post-trade securities, derivatives processing and risk management, supporting straight through processing (STP) for various asset classes.
The vendor’s clientele include Credit Suisse, Saxo Bank Japan, UK-based investment bank N+1 Singer and Germany’s MainFirst Bank.
