Torstone Technology, a provider of post-trade securities and derivatives processing, has today announced that ITI Capital, the brokerage and investment house for institutional investors and private clients, offering multi-asset agency execution services, has signed a multi-year agreement to utilise Torstone’s post-trade processing platform, Inferno.
Torstone’s Inferno is a multi-asset, multi-entity cloud-based system, covering trade capture, confirmation, settlement, accounting, corporate actions, reconciliation and regulatory reporting. It provides a fully integrated, feature-rich user experience for middle and back office staff, increasing straight through processing (STP) and reducing manual effort.
After a comprehensive review period, ITI Capital made the decision to adopt Torstone’s Inferno to manage its growing institutional business, with a view to growing other capital market business lines.
Commenting on the agreement, Max Hayden, CEO of ITI Capital said:
As an ambitious organisation, ITI Capital requires a modern post-trade platform capable of providing the breadth of functionality and coverage for the full range of asset classes we supply, when and where we require it. We believe that Torstone as a company, and Inferno as our chosen solution, will provide us with exactly what we need for now and for the future.
Brian Collings, CEO, Torstone added:
We are delighted that ITI has chosen Torstone to help manage its multiple businesses and expand further into the global capital markets. This is a great example of Torstone’s commitment to deploying highly automated, scalable and flexible solutions that allow our clients to innovate, compete and focus on growing their business. Inferno will support ITI Capital in minimising operational risks, reducing costs and achieving greater control. We look forward to working with ITI Capital and continuing to drive efficiencies through our agile, integrated platform.