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The deal will further bolster FIS’ capitalmarkets technology offering, having acquired SunGard in a major deal back in 2015. The firm has also made waves through a number of other bolt-on acquisitions and landmark mandates.
While perhaps not one of the most exciting aspects of the trade lifecycle, settlement is a central process that acts as a pillar for the capitalmarkets. The settlement period relates to the space of time between the trade date and the settlement date when a trade is considered complete.
The deal will further bolster FIS capitalmarkets technology offering, having acquired SunGard in a major deal back in 2015. Torstone is a global SaaS platform for post-tradesecurities and derivatives processing technology, originally built by and for a global investmentbank.
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