Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Brian Collings, Torstone Technology

30412

Torstone bolsters risk and compliance offering Percentile acquisition

RELATED TOPICS​

Torstone Technology, a provider of post-trade securities and derivatives processing technology, is to acquire Percentile, a provider of real-time, cloud-based risk and compliance technology to global financial markets.

The Percentile risk management solution will form a component of Torstone’s platform. Torstone is now able to provide a full-service, cross-asset, global post-trade offering, including risk and compliance, providing the best possible services and solutions to a new expanded client base, that can adapt as the markets continue to evolve.
 
The Percentile acquisition represents another step forward by Torstone to strengthen its post-trade offering, having recently announced plans to significantly expand its London headquarters to accommodate European business growth, following a revenue increase of over 50 per cent year on year.
 
Brian Collings (pictured), CEO, Torstone Technology, says: “As part of our global strategy we continue to invest in expanding our product offering, leveraging cloud-based technology to improve the client experience. Torstone Technology and Percentile have long been closely aligned in terms of company culture and values, as well as our approaches to solution development, and emphasising the benefits of agile, future-proof technology. We are excited to make this acquisition which will enable us to further augment our Cloud service offering in the post-trade space as we continue to expand globally.”
 
Anthony Pereira, CEO of Percentile, says: “Percentile continues to innovate and help global financial firms meet the ever-growing demand for more granular, frequent and insightful risk analysis. We are proud of our successes achieved to date and look forward to supporting Torstone’s global growth by helping them form a holistic solution that responds to the industry’s need for an integrated post-trade system, as well as helping firms handle their future risk requirements.”

Latest News

EFAMA has commented on today’s vote by the European Parliament in favour of a new..
Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..

Related Articles

n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
David Vieira, JTC Group
Investment trusts are the latest sector of the financial services industry to come under fire for failing to cater adequately for responsible investors...
Investment trusts are the latest sector of the financial services industry to come under fire for failing to cater adequately..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by