TORA attributes 589 percent revenue growth to a continued focus on the trading technology needs of buy-side firms.
Hong Kong, San Francisco, Tokyo – 19 October 2011 – TORA, Asia’s leading provider of advanced trading technology and financial services, today announced that it again joins the rankings of the esteemed Deloitte’s Technology Fast 500™ for the third year running. The ranking identifies the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America and is based on percentage of fiscal year revenue growth during the five year period from 2006-2010. TORA grew 589 percent during this period.
“TORA continues to focus on providing advanced trading technologies and financial services that add bottom line value to the clients trading Asian markets” says Robert Dykes, CEO of TORA. “By understanding our clients’ evolving needs, especially throughout difficult market conditions and a changing trading landscape, we are able to continue to deliver best-of-breed trading solutions. This is the foundation of TORA’s continued and sustainable growth year on year and we are delighted this has earned us a place in the Technology Fast 500™ for the third year running.”
“TORA, like all 2011 Technology Fast 500™ companies, has excelled in fostering innovation and channeling it into spectacular growth – against the backdrop of one of the most a challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. “Deloitte recognizes TORA for its remarkable accomplishment.”
“We are pleased to honor TORA as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, TORA has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
TORA is Asia’s leading provider of advanced trading technology and financial services. TORA’s unrivalled solutions span the entire trading process, offering 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 by traders, 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. TORA’s dedicated Asia trading desk delivers to buy-side clients unmatched Asia 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 175 employees dedicated to Asia, with offices in Tokyo, Hong Kong, Singapore, Sydney, New York, Los Angeles and San Francisco. www.stage.toratrading.tw.
About Deloitte’s Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies — 5 both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have 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. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.