13 min
Ops Consolidation Could Ease Cost Pressures for Firms The FTF Exchange Podcast
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- News
Cost pressures are dominating the agenda for many securities firms and they are likely to be seriously considering new ways to consolidate their post-trade operations, says Brian Collings, CEO of Torstone Technology, via a new FTF Exchange podcast.
The new consolidation can take several forms and will be impacted by major market changes such as the push for shorter, T+1 and T-0 settlement, Collings says.
There can be an operations consolidation across assets such as a common middle office for equities and fixed income instruments. There could also be a consolidation across countries and regions – some firms may even consolidate globally and use a single platform. Collings also sees consolidation across functions.
“I think all those pressures are forcing people to think about a new operating model. I think that new operating model is how do you consolidate more than you have in the past,” Collings says.
The podcast also covers:
Torstone’s inroads into the retail trading and discount brokerage space;
What Torstone is seeing as far as crypto-based and other digital instruments; and
The middle office changes coming for firms that trade securities and are ripple effects on the front office.
Torstone’s cloud-based post trade solution for the back office won the Best Innovation in Clearing & Settlement Solution award at the FTF News Technology Innovation Awards for 2022. The latest win marks the third time that Torstone won the honor as it swept the category in 2019 and 2018.
Cost pressures are dominating the agenda for many securities firms and they are likely to be seriously considering new ways to consolidate their post-trade operations, says Brian Collings, CEO of Torstone Technology, via a new FTF Exchange podcast.
The new consolidation can take several forms and will be impacted by major market changes such as the push for shorter, T+1 and T-0 settlement, Collings says.
There can be an operations consolidation across assets such as a common middle office for equities and fixed income instruments. There could also be a consolidation across countries and regions – some firms may even consolidate globally and use a single platform. Collings also sees consolidation across functions.
“I think all those pressures are forcing people to think about a new operating model. I think that new operating model is how do you consolidate more than you have in the past,” Collings says.
The podcast also covers:
Torstone’s inroads into the retail trading and discount brokerage space;
What Torstone is seeing as far as crypto-based and other digital instruments; and
The middle office changes coming for firms that trade securities and are ripple effects on the front office.
Torstone’s cloud-based post trade solution for the back office won the Best Innovation in Clearing & Settlement Solution award at the FTF News Technology Innovation Awards for 2022. The latest win marks the third time that Torstone won the honor as it swept the category in 2019 and 2018.
13 min