Torstone Technology provides securities and derivatives processing software from offices in London, New York, Japan, Singapore and Hong Kong. Its flagship product is Inferno – a single system that fully integrates all the applications and controls needed by operations, finance, middle office, risk and compliance. Inferno is proven to support straight through processing (STP) for clearance and settlement of a wide range of asset classes from complex derivatives to high volume equity processing from a single business solution.
Today’s financial markets are fragmented with increasing numbers of trading venues and counterparties. Inferno tackles the needs to capture trades from multiple front office systems and interface with clearing houses, globally. Inferno is delivered as a cost-effective software-as-a-service (SaaS) solution.
Created by industry practitioners and accountants well-experienced in the short-comings of other systems, Inferno meets the needs of regional and mid-sized investment banks, asset managers, hedge funds and brokers and those needing to support multi-asset, multi-currency and multi-location operations.
Global financial institutions reduce costs by 30%, they improve control by consolidating post-trade processing using modern Inferno technology and Torstone’s banking business experience. Inferno integrates middle, back-office, compliance and accounting functions or can be provided as standalone modules.
Inferno is already blazing a trail as the first post-trade securities and derivatives processing software believed to have been introduced in the UK in almost a decade.
Inferno applications cover a broad set of financial products including equities, fixed income, FX and derivatives, in the areas of credit, equity and funds and deliver these benefits:
– Proven solution demonstrated to process high volume equity trades and complex derivatives at low transaction cost
– A single business solution for multiple asset classes and global markets
– Highly and quickly customisable – flexibility of the software enables changes in minutes delivered by highly frequent software releases, to meet client needs withoutlong delays
– Designed by practitioners and a multi-disciplined team of developers and accountants, who also support the product
– In-built reconciliation systems for cash, position and trade reconciliation allow for both internal and external reconciliation and remove the need for third-party reconciliation products
– Reduces middle and back office costs and supports the front office with improved operational efficiency, simplified regulatory compliance, better client service and risk management.
Founded in 2011, Torstone Technology acquired a complete existing software development team from a leading global investment bank together with the Inferno system, a software product which has been widely used for multiple asset classes. As a result although Torstone Technology is new, the Inferno system has been widely deployed and proven to support highly complex, structured credit and equity derivatives as well as high volume equity products. The new business is supporting existing clients in New York, Hong Kong and London.
CEO Brian Collings says: “We combine the outlook and experience of a mature software development team with the attitude and approach of a new, innovative and evolving company. We aim to deliver cutting edge technology while ensuring that we’re helpful, reliable and committed to our customers’ interests.”
The financial markets have become so fragmented with increasing numbers of trading venues, centralised counterparties and rules, that middle and back office costs and efficiencies are under scrutiny more than ever before. The buy-side and sell-side want to see middle and back office systems work harder to deliver efficiency with higher rates of straight-through processing and are recognising the role these systems can play in delivering one version of the ‘truth’ or one consolidated view of business performance and exposure to risk. At the same time there is pressure to reduce middle and back office costs and support the front office with improved operational efficiency, simplified regulatory compliance, better client service and control.
Torstone Technology is focused on meeting these needs from a single, flexible solution and offers an alternative to the decades-old, multiple disparate back office systems typically required in the past for processing different asset classes. Inferno also provides a comprehensive, cohesive view of business performance and exposure to risk, taking information from a wide range of specialist front office trading systems.
Inferno is delivered as software-as-a-service (SaaS).
CEO Brian Collings
Brian has 25 years experience of team, project, executive and board level management in variety of high profile roles in the financial sector. He joined Torstone after serving as CIO and COO of KBC Financial Products, before which he worked at UBS and Royal Bank of Scotland.
CFO Julie Merry
Julie has held Finance Director roles for a variety of software and consultancy businesses, including Charteris plc, the AIM-listed management consultancy firm. Julie is a Chartered Accountant and worked in audit and corporate finance in the London and New York offices of PricewaterhouseCoopers.
CTO Amrik Thethi
Amrik has extensive experience as a manager and software architect. He has experience of large scale software architecture and complex project implementation working in both the UK and the US. He worked at KBC FP, Deutsche Bank and several technology startups prior to joining Torstone.