Torstone Technology, a provider of post-trade securities and derivatives processing technology, grew by over 50% in revenue YoY and hired over 50% more staff in Europe and globally in 2018, which led to doubling its London office.
Last year, ITI Capital, the brokerage and investment house for institutional investors and private clients, offering multi-asset agency execution services, has signed a multi-year agreement to utilise Torstone’s post-trade processing platform, Inferno.
The London headquarters expansion is due to Torstone’s entrance into new markets and is part of its broader ambitions for European, Asian and more recently North American growth. Torstone is currently servicing European clients in the UK, Germany, the Netherlands and Norway, and is looking to expand further into Scandinavia as well as France, Belgium, Spain, Italy, Portugal, Luxembourg and Switzerland.
A number of senior appointments have been made across Product Development, Professional Services, Support and Sales functions and include Jean-Jacques Cuerq, who will be based in France and will focus on growth in key European markets.
Brian Collings, Chief Executive, Torstone Technology, said:
We’re delighted that Torstone saw a year of incredible growth in 2018 and we look forward to capitalising on this success to bring our products and solutions to our existing clients and new markets in the future. During this time of expansion, we remain committed to helping clients reduce their costs, minimise risk, and drive operational efficiency while achieving regulatory compliance.