Tower Research taps Torstone for post-trade services

Torstone Technology announced today Tower Research Capital, the global electronic market maker, has entered into an agreement to use its platform for post-trade processing, globally, across all traded asset classes. The platform is a multi-entity, multi-asset cloud-based SaaS solution, which will manage the trade capture, accounting, reconciliations and corporate actions requirements for all of Tower Research Capital’s global entities.

Alan McGroarty, chief operating officer at Tower Research Capital, said in a statement: “As we continue to diversify into new asset classes and trading strategies, at ever increasing volumes, we need a flexible scalable solution.”

Brian Collings, CEO of Torstone Technology, said in a statement: “The scale of [Tower Capital’s] ambitions and the broad nature of their requirements demonstrates the speed, scalability and flexibility of our technology.


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