Torstone Technology launches US module of Inferno as US investors diversify
London — 14 April 2015 — Torstone Technology has added an international processing tool for US clients to its flagship post-trade securities and derivatives processing system, Inferno. The new module is designed to help banks and brokers meet the growing appetite for offshore products among US domestic clients seeking to diversify their investment mix.
The Inferno International Processing module (InfernoIP), provides the full operational support needed to meet the more complex demands of offshore investing. With US equity indexes at an all time high, investors are increasingly looking at broader global investment horizons to achieve returns.
InfernoIP automatically includes settlement processing for international trades, with no double keying needed. Manual processes are reduced as trades are automatically fed, along with updates to the settlement status, cross-border currency calculations and local country taxes and fees. This significantly reduces settlement risk and improves straight through processing rates, mitigating costs and the chance of human error. InfernoIP’s Trade pipeline feeds down-stream to the core books and records of existing back-office systems.
Torstone’s CEO, Brian Collings commented: “A changing investment landscape in the US is making tough operational demands of banks and brokers. As they increasingly look to provide their domestic clients with greater variety from offshore and international financial products, many are finding their systems are not set up to accommodate these vehicles efficiently.
“ InfernoIP will help them to meet this new investor appetite for international exposure, reducing the overall cost of running the back office while ensuring compliance requirements can be easily met, as well as those of clients.”
InfernoIP was designed and developed by a global investment bank. Following a management buyout led by Torstone Technology, it has now been made available to the wider market. The system is back office agnostic and can be connected to any existing platform.
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 Inferno platform is fast, flexible and future-proof. It enables global financial firms to reduce their costs, 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, Hong Kong, Singapore, and Tokyo.
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