Torstone Technology, a provider of securities and derivatives processing software to the global financial markets, is expanding its financial technology business in the Asian markets.

With the hiring of a local sales manager and additions to the software development and support team the Hong Kong head count is doubling.

The expansion is part of the company’s strategy to accelerate its access to the high growth, high value markets within Asia and the emerging markets, in particular.

Brian Collings, chief executive of Torstone Technology says: “The workload in our Hong Kong office has been steadily increasing throughout 2012 and our clients are asking for more and more expert development resources from us. With increasing regulatory pressure and the need to consolidate and streamline in order to reduce costs, our Inferno back office technology is extremely well placed to make a major impact both in the emerging and the established Asian markets. We are therefore intensifying our sales efforts in this direction.”