Torstone Partners Daiwa Institute of Research for Asian Reconciliation

Tokyo-headquartered DIR will support Torstone with its clearing, settlement and integrated accounting.

London-headquartered software provider Torstone Technology has partnered with Daiwa Institute of Research (DIR), the research arm of Japanese securities brokerage Daiwa Securities Group.

Torstone, which provides securities and derivatives processing technology, will work with DIR to support its Inferno reconciliation offering in Asia.

"We see tremendous opportunities arising from the development of the financial markets in countries like Myanmar and value the experience of DIR in the region," says Brian Collings, CEO of Torstone. "We look forward to working together."

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