Torstone awarded best clearing & settlement solution
London – 16 May 2018 – Torstone Technology, a leading provider of post-trade securities and derivatives processing, today announced that its flagship trade processing platform Inferno has been recognised as the Best Clearing & Settlement Solution in the FTF News Technology Innovation Awards 2018.
The annual FTF News Technology Innovation Awards recognise accomplishments in post-trade processing and industry participants that have made significant advances and notable achievements in operational excellence over the past year. The final list of the awards winners has been determined by industry votes.
Torstone Inferno is a scalable, cross-asset post-trade processing platform, designed to support high volumes of straight through processing (STP) for settlement of a wide range of asset classes from complex derivatives to high volume equity processing. It can fully integrate middle- and back-office and accounting functions, covering trade capture, confirmation, settlement, accounting, and reconciliation, offering a post-trade solution that is Fast, Flexible, and Future-Proof. Simplifying the complexities of post-trade by connecting global financial industry expertise with post-trade technology innovation.
Commenting on the win, Brian Collings, Chief Executive, Torstone Technology, said, “The past year has marked an industry turning point with the implementation of game changing regulatory regimes, such as MiFID II. During this time of great change, we have remained committed to creating solutions that help clients to reduce costs, achieve greater control, minimise risk and ensure compliance. It is a great honour to see our continuous efforts recognised with this prestigious industry award.”
Torstone has announced a number of enhancements to Inferno in recent months in response to evolving client needs. It has also developed and added a standalone MiFID II module to Inferno to help clients comply with the expanded scope of the transaction reporting obligations.