Torstone Technology’s middle-office product has been efficiently licensed DTCC’s central matching platform (CTM) service, enhancing Torstone’s multi-asset workflow.

The completion of the certification permits for faster and cheaper implementation of the Torstone platform, in line with the enterprise. The transfer additionally comes within the lead as much as the trade’s shift to T+1, whereby environment friendly post-trade processes are important in an effort to align with tighter settlement home windows.

David Pearson, product proprietor for the Torstone center workplace, stated: “We are focused on providing rich post-trade functionality across multiple asset classes, enabling straight-through processing through the allocation and confirmation workflows, and rapid error identification and resolution for any issues. 

“By providing access to CTM as well as ALERT, we’ve taken another step forward on our mission to provide our clients globally with the next generation of middle office functionality to meet the requirements of their buy-side clients and the regulators.”

Read extra: Fireside Friday with… Torstone’s Mack Gill

DTCC’s  CTM is utilized by end-user purchasers to allocate and centrally match transactions throughout a number of asset lessons, globally.

The certification additionally offers Torstone purchasers with a extra dependable, safe, and streamlined surroundings in an effort to handle post-trade actions, in addition to benefiting from golden supply SSI enrichment, accessible to them through DTCC’s ALERT.

Val Wotton, managing director and common supervisor of DTCC Institutional Trade Processing, bolstered the relevance of the shift to T+1, stating: “We are pleased that Torstone has successfully completed product certification of its middle office product with CTM to support mutual clients as they prepare for the industry’s move to T+1. With CTM’s automated central matching and open architecture, firms across the industry can facilitate accelerated settlement. We look forward to helping prepare a broad range of market participants for a seamless transition to T+1.”