Torstone Technology, a SaaS provider of post-trade securities and derivatives processing solutions, has successfully completed product certification of its Middle Office product with DTCC’s CTM service.
DTCC is a provider of post-trade market infrastructure for the global financial services industry while DTCC’s CTM is a central matching platform used by end-user clients to allocate and centrally match transactions globally across multiple asset classes.
As global market participants anticipate the transition to a T+1 settlement cycle in 2024, Torstone’s certification provide clients with automated central matching capabilitiesm facilitating an accurate and efficient post-trade process to align with the upcoming tighter settlement windows.
By completing the certification process of Torstone’s Middle Office product with DTCC’s CTM service, the Torstone says the platform is now quicker and cheaper to implement, providing clients with a reliable, secure, and streamlined environment for managing their post-trade activities. In addition, since DTCC’s CTM includes enrichment from DTCC’s ALERT, the industry’s largest online global database for the maintenance and communication of account and standing settlement instructions (SSI), Torstone clients will have the benefit of golden source SSI enrichment available to them.