Brian Collings, CEO, Torstone Technology

UK-based post-trade securities and derivatives processing systems provider, Torstone Technology has announced its multi-year partnership with an investment banking group, Numis Securities. The partnership will enable Numis to implement the supplier’s cloud-based platform Inferno in a bid to process equities business.

Tim Valmas, Head of Technology and Operations at Numis, said, “Numis operates at the forefront of UK Investment Banking. We require a single, integrated, scalable and cloud-based platform capable of providing the breadth of functionality and flexibility to execute our business and continue to offer the level of service our clients expect. We believe that Inferno aligns closely with our strategy as we see trade execution and processing becoming increasingly electronic and automated in a post MiFID2 world. Inferno will deliver what we need today and fulfill our future business goals.”

According to Torstone, its solution integrates middle, back-office and accounting functions covering trade capture, confirmation, settlement, accounting, and reconciliations. It is expected to provide Numis with capabilities to improve its operational functions and reduce manual effort, thereby achieving operational efficiency.

Brian Collings, CEO, Torstone, said, “We’re delighted that Numis has chosen Inferno to manage its post-trade processing needs. Our solution will support Numis in minimizing operational risks, reducing costs and achieving greater control. We look forward to working with Numis and continuing to drive efficiencies through our agile, integrated platform.”

Recently, Credit Suisse Securities (Canada) Inc. (an arm of Credit Suisse AG) selected Torstone Technology, a global technology supplier for post-trade securities and derivatives processing.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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