Torstone Technology announced that Credit Suisse Securities’ Canadian equities operations have gone live with its SaaS Platform.
Sam Farrell, director and head of Operations for Credit Suisse Canada & Bahamas, said in a statement: “The opportunity to reduce our total cost of ownership was a key driver of our decision to move away from an outsourced solution and implement a new platform. We’re pleased to have our operational processing now in-house and highly automated.”
Consolidating processes on the Torstone SaaS Platform means clients are serviced with a single code base with monthly upgrades, resulting in reduced total cost of ownership.
Jonny Speers, global head of Sales at Torstone, said in a statement: “With our first client now live in Canada, we look forward to continuing to work with Credit Suisse, as well as working with other forward-looking firms in Canada.”
Torstone describes its cross-asset post-trade processing platform as scalable and designed to support high volumes of straight through processing (STP) for a wide range of asset classes, from high volume equities to complex derivatives, on a modern cloud-based infrastructure. The Torstone SaaS Platform can fully integrate middle- and back-office and accounting functions, covering trade capture, risk, confirmation, settlement, accounting, and reconciliation, offering a post-trade solution that is fast, flexible, and future-proof.
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