Credit Suisse Goes Live with Platform to Automate Post-trade Equities Processes

Credit Suisse has automated the post-trade operations of its institutional equities trading business in Canada after going live on Torstone Technology’s platform. The Swiss investment bank has completed the implementation of the Torstone SaaS platform, which supports high volumes of straight through processing (STP) for multiple asset classes on a cloud-based infrastructure. Credit Suisse has now consolidated its processes with Torstone’s service model with a single code base and monthly upgrades to reduce the total cost of ownership, a key factor in the bank’s decision to implement the platform. According to a story in The Trade news, Torstone’s platform can also fully integrate with middle and back office and accounting functions to cover trade capture, risk, confirmation, settlement, accounting, and reconciliation.