Torstone Technology, a London-based provider of securities and derivatives processing software, has opened an office in Singapore.

Through its new office Torstone intends offer multi-asset post-trade processing technology to local brokers and investment banks in the region.

Torstone said that it launched new office in response to the increasing customer demand after its on-going success in Tokyo, Hong Kong and Myanmar.

Brian Collings, CEO of Torstone Technology, said: "Through the continued globalisation of markets, we’re seeing a marked increase in demand for new, more flexible solutions. The multi-asset capabilities of Inferno make it ideally placed to respond to this demand, help firms broaden their product coverage and at the same time drive greater efficiencies in post-trade processing."

Apart from London and Singapore, Torstone also has offices in New York and Hong Kong.