Numis extends partnership with Torstone Technology to prepare for CSDR
01 February 2022 United Kingdom
Image: metamorworks
Numis, a UK-based investment bank and corporate adviser, has extended its partnership with Torstone Technology to manage its obligations under the Central Securities Depositories Regulation (CSDR).
Under the renewed partnership, Numis will continue to utilise the technology vendor鈥檚 Post-Trade platform, a cloud-based SaaS solution, covering electronic trade capture, allocation, confirmation, settlement, accounting, risk, corporate actions, reconciliation and regulatory reporting.
The platform is designed to increase automated straight -through processing and reduce manual effort.
Torstone鈥檚 partnership with Numis began in 2019, when Numis first onboarded Torstone鈥檚 Post-Trade platform.
Commenting on the decision, Tim Valmas, head of technology at Numis, says: 鈥淎s CSDR implementation approaches, having a best-in-class solution that meets our obligations and gives us the flexibility to adapt to the regulation as it evolves is vital. As an existing user of Torstone Post-Trade, extending our use of the platform was a natural choice as it suits our needs, ensuring we are fully prepared for the incoming regulation.鈥�
Brian Collings, CEO of Torstone Technology, comments: 鈥淲e are delighted that Numis has extended their use of Torstone Post Trade to manage the requirements around CSDR. As this regulation evolves, we remain committed to supporting Numis, and all of our clients, in meeting their regulatory obligations and achieving greater operational efficiency.鈥�
Under the renewed partnership, Numis will continue to utilise the technology vendor鈥檚 Post-Trade platform, a cloud-based SaaS solution, covering electronic trade capture, allocation, confirmation, settlement, accounting, risk, corporate actions, reconciliation and regulatory reporting.
The platform is designed to increase automated straight -through processing and reduce manual effort.
Torstone鈥檚 partnership with Numis began in 2019, when Numis first onboarded Torstone鈥檚 Post-Trade platform.
Commenting on the decision, Tim Valmas, head of technology at Numis, says: 鈥淎s CSDR implementation approaches, having a best-in-class solution that meets our obligations and gives us the flexibility to adapt to the regulation as it evolves is vital. As an existing user of Torstone Post-Trade, extending our use of the platform was a natural choice as it suits our needs, ensuring we are fully prepared for the incoming regulation.鈥�
Brian Collings, CEO of Torstone Technology, comments: 鈥淲e are delighted that Numis has extended their use of Torstone Post Trade to manage the requirements around CSDR. As this regulation evolves, we remain committed to supporting Numis, and all of our clients, in meeting their regulatory obligations and achieving greater operational efficiency.鈥�
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