CGS-CIMB Securities goes live with Torstone’s post-trade 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. We look forward to working with Torstone’s experienced local team to achieve our strategic infrastructure goals.”
Torstone Technology has announced a strategic partnership with CGS-CIMB Securities, the leading securities house in the Asia-Pacific region, as part of the roll-out of Torstone’s platform in the Asian region.
The SaaS provider of post-trade securities and derivatives processing solutions is leveraging its strong local teams in Singapore, Hong Kong and Tokyo to support CGS-CIMB Securities in this relationship.
Torstone’s cloud-based platform helps to streamline post-trade processing operations, reduce costs, and increase efficiency. The firm is growing in popularity among financial institutions in the APAC region.
CGS-CIMB Securities, a leading multi-asset broker in Asia
CGS-CIMB is a leading broker in retail, corporate, and institutional banking, catering to more than 2,600 institutional clients and 400,000 retail investors. The brokerage firm provides wide market access to over 30 global markets. The one-stop solution with comprehensive investment options including Bonds, CFDs, ETFs, Futures, as well as Stocks and ETFs.
The multi asset broker provides access to MetaTrader 4 and iTrade, among other trading platforms, and maintains a network of local offices, branches, and strategic partners to ensure a global presence in over 20 countries, while being well-positioned as one of the most popular financial gateways in Asia.
CGS-CIMB Securities has gone live with Torstone’s award-winning platform as a middle office replacement solution and continues to work with Torstone to improve automation and provide a single cloud solution for their Asia-Pacific operations.
This expands the roll-out of Torstone’s platform in the Asian region, and the company is excited to leverage
Torstone platform helps streamline and consolidate post-trade processing operations
Brian Collings, CEO of Torstone Technology, said: “We are thrilled to partner with CGS-CIMB Securities and provide them with our industry-leading platform. 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, commented: “We are excited to partner with Torstone Technology and 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. We look forward to working with Torstone’s experienced local team to achieve our strategic infrastructure goals.”
