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.
About Torstone Technology www.torstonetechnology.com
Torstone is a leading global provider of cross-asset securities and derivatives post-trade processing technology. Torstone’s cloud-based, award-winning platform is fast, flexible and future-proof. It enables global financial firms to reduce their total cost of ownership, achieve greater control, minimise risk, and drive operational efficiency. Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, Torstone offers agile, secure, scalable, and cost-effective solutions.
Torstone Technology is headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.