Attributes its 6,317 Percent Revenue Growth to comprehensive trading solutions for buy-side firms trading in Asian markets
San Francisco, California and Tokyo, Japan – 21 October 2009 – Tora, the leading technology, trading and liquidity provider for Asia today announced that it ranked number 35 on Technology Fast 500™, Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004-2008.
“Our achievements at Tora stem from our constant drive to deliver advanced trading technologies and financial services that are revolutionizing institutional trading across Asian markets,” says Robert Dykes, CEO of Tora. “We are delighted to have earned a place on the Technology Fast 500™ and will continue striving to deliver cutting edge trading solutions to our buy-side clients across Asia.”
“Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. “We congratulate Tora on this accomplishment.”
“With its impressive five year growth, Tora has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. “Deloitte is proud to honor Tora for its achievement.”
Technology Fast 500™ Selection and Qualifying Criteria
Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.
In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues. Using other companies’ technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.
Technology Fast 500™ award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Tora is Asia’s leading provider of advanced trading technology and financial services. Tora offers unrivalled solutions spanning the entire trading process, providing traders with a full suite of trade execution capabilities in markets across Asia, North America and Europe. Tora’s high-performance EMS/OMS has been designed from the ground up for trading Asia, and is currently used by traders at hedge funds, long-only funds and sell-side proprietary trading desks. Tora also provides clients with access to its unique liquidity pools including Asia’s leading non-displayed matching engine, and additional third party liquidity offerings. Tora’s extensive suite of proprietary algos (trading and strategy-focused) is fully customizable, and is broker neutral. In addition, Tora’s dedicated Asia trading desk delivers to buy-side clients unmatched regional expertise and extensive analytics focused on best execution. Tora has over 175 employees dedicated to Asia, with offices in Tokyo, Hong Kong, Singapore, New York, Los Angeles and San Francisco.
For more information, please visit www.stage.toratrading.tw.
Contact: Mark Belinksy
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