Torstone and Tosho partner over Japanese CSD connectivity
08 September 2020 Tokyo
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Torstone Technology has partnered with Tosho Computer Systems to administer connectivity to the Japan Securities Depository Center (JASDEC), the central securities depository for Japan.
Torstone has previously provided cloud-based post-trade solutions for Japanese financial institutions, such as cross-asset class regulatory reporting and institutional reporting.
In the partnership, financial services hosting provider Tosho will provide its own data centre to administer proximity connectivity services, as well as expertise in the Japanese securities market.
The direct connectivity to JASDEC now completes a full post-trade lifecycle solution for both domestic and foreign brokers in Japan, while reducing operational costs for yen and non-yen products.
A global corporate and investment bank has gone live with Torstone’s cloud-based platform, which facilitates JASDEC connectivity to the book-entry transfer systems.
Yoshinobu Takebayashi, president of Tosho Computer Systems, commented: “We are excited to be working alongside Torstone to bring next generation real-time cloud technology to Japanese firms, helping them move away from legacy technology that hinders their ability to keep up with the evolving markets.”
Mack Gill, COO of Torstone Technology, added: “Japan is a core market for us, and we are pleased to partner with Tosho, an established provider of proven solutions to Japanese financial institutions, as we continue to strengthen our support for our clients’ regulatory obligations and market infrastructure connectivity requirements across the region.”
Torstone has previously provided cloud-based post-trade solutions for Japanese financial institutions, such as cross-asset class regulatory reporting and institutional reporting.
In the partnership, financial services hosting provider Tosho will provide its own data centre to administer proximity connectivity services, as well as expertise in the Japanese securities market.
The direct connectivity to JASDEC now completes a full post-trade lifecycle solution for both domestic and foreign brokers in Japan, while reducing operational costs for yen and non-yen products.
A global corporate and investment bank has gone live with Torstone’s cloud-based platform, which facilitates JASDEC connectivity to the book-entry transfer systems.
Yoshinobu Takebayashi, president of Tosho Computer Systems, commented: “We are excited to be working alongside Torstone to bring next generation real-time cloud technology to Japanese firms, helping them move away from legacy technology that hinders their ability to keep up with the evolving markets.”
Mack Gill, COO of Torstone Technology, added: “Japan is a core market for us, and we are pleased to partner with Tosho, an established provider of proven solutions to Japanese financial institutions, as we continue to strengthen our support for our clients’ regulatory obligations and market infrastructure connectivity requirements across the region.”
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