Torstone continues APAC platform rollout 15 June 2023UK Reporter: Lucy Carter
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APAC-based securities house CGS-CIMB Securities has adopted Torstone Technology’s cloud-based platform as a middle-office replacement solution.
Torstone’s platform streamlines post-trade processing operations, with the goal of reducing costs and improving efficiency.
The company already has local teams in Singapore, Hong Kong and Tokyo, with this partnership marking its continued expansion in the region.
Brian Collings, CEO of Torstone Technology, says: “This partnership shows the strength of our platform and the value it can bring to firms looking to streamline and consolidate their post-trade processing operations. We look forward to supporting CGS-CIMB Securities in their digital transformation journey.”
TK Yap, group chief transformation officer at CGS-CIMB Securities, adds: “We are excited to implement their platform as a middle-office solution. The platform’s ability to improve automation and provide a single cloud solution for our operations will greatly enhance our post-trade processing efficiency and reduce costs.”
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