Torstone Technology has completed the certification of its Middle Office product with the Depository Trust and Clearing Corporation’s (DTCC) Central Trade Matching platform (CTM). In a press release, the SaaS provider of post-trade securities and derivatives processing solution describes the certification as “timely” in light of US’ upcoming transition to T+1 and claims it will enhance the firm’s multi-asset workflow for the industry.
The completion of the certification allows Torstone’s platform to provide clients with automated central matching capabilities, improving the efficiency of post-trade processes to meet T+1 requirements. Implementation of the platform should now be “quicker and cheaper”.
In addition, Torstone clients will benefit from DTCC’s ALERT solution, which has been integrated into the CTM, giving them access to a large online global database of standing settlement instructions (SSI) data.
