Torstone Technology works with Oracle to attain highest performance for Inferno post-trade processing and settlement
London, 18 May 2012 — Torstone Technology has become an Oracle Gold Partner, attaining the highest level of partnership for an independent software vendor and the ability to re-sell Oracle products, providing a one-stop service to clients. As creators of Inferno, believed to be the first major release of post-trade securities and derivatives processing software in almost a decade, Torstone will gain access to Oracle training and core support as well as the potential for increased sales opportunities.
Brian Collings, CEO of Torstone Technology said: “Formalising the relationship with Oracle will be reassuring to clients and prospects alike, especially as we work to performance test and fine-tune Inferno against the whole Oracle stack, including the database and hardware. Further we will be looking at the most cost-effective and efficient way for clients to be able to scale our software in the Oracle environment.”
Targeting regional and mid-sized investment banks, asset managers, hedge funds and brokers, Inferno is an enterprise-level clearing, settlement and integrated accounting application supporting multi-asset, multi-currency and multi-location operations. It addresses today’s pressing needs to reduce middle and back office costs and supports the front office with improved operational efficiency, simplified regulatory compliance, better client service and risk management.