Credit Suisse picks Torstone for cloud automation of equity operations in Canada

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.

Read the full release

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