San Francisco – 11th August, 2016 – TORA, a cloud-based global investment technology provider, announced an expansion of its US sales, operations and IT infrastructure to support rapid growth in the region. TORA, already an industry leader in Asia, launched a new suite of products in 2015 and has seen the uptake of those products in the US outpace expectations — especially in light of the volatility in the financial markets thus far in 2016.
To further build on the success, TORA bolstered its US domestic sales presence through the hire of Win Franke, a 15 year fintech veteran, to lead the sales effort in the US. Franke joins TORA after working at the Eze Software Group in consulting and sales roles for 12 years.
Additionally, TORA has expanded its professional services and support teams in the region, and has established a datacenter site at Equinix’s NY4 hub. TORA’s cloud-based architecture enables all clients to trade globally from any location with unmatched performance, and the new site will offer improved access options for U.S. clients, brokers and partners.
“TORA clients trade over 100 financial exchanges globally every day with YTD volumes of over $300 Billion traded, and we’ve seen the volumes in our system more than double in 2016 in US and European markets”, said Robert Dykes, CEO of TORA. Dykes continued, “Funds in the US are recognizing the value of our new products combined with our award winning support — especially as we deliver them at a competitive price with a higher service level. We’re excited about the opportunity to leverage our new teams in the region to partner with customers and deliver best-in-class solutions”.
TORA is the leading provider of advanced trading technology and financial services. TORA’s unrivalled solutions span the entire trading process, offering a full suite of execution and pre/post trade compliance tools as well as order, portfolio and risk management capabilities in global markets. TORA’s high-performance systems are designed from the ground up by industry experts, and are currently used by managers at hedge funds, mutual funds and sell-side proprietary trading desks. TORA also delivers unmatched expertise and extensive analytics focused on best execution. TORA’s extensive suite of proprietary algorithms (trading and strategy-focused) is fully customizable and broker neutral. TORA has over 225 employees with offices in Tokyo, Hong Kong, Singapore, Sydney, San Francisco and Cluj-Napoca.