Another UK Broker moves BackOffice System to Torstone’s Inferno
London — 15 November 2016 — Liberum, a leading pan European investment bank signed a multi-year deal with Torstone Technology to use Inferno in July and went live last week, an implementation of a complete back office system within 4 months. Inferno will process Liberum’s post-trade flow, from trade capture through to settlement, accounting and reconciliation.
The ability to easily scale-up its business operations and update processes to comply with regulatory requirements was a key driver behind Liberum’s move to Inferno. Using the modern Inferno Platform, the investment bank has much more flexibility to develop its business while driving down costs. Inferno is an automated scalable system, which can handle large volumes on hosted commodity hardware. Its real-time, event-driven, service-orientated architecture enables firms to achieve very high rates of straight through processing (STP).
John Truscott, Operations Director at Liberum said: “Inferno provides us with a cost effective, scalable platform that allows us to operate more efficiently and respond more dynamically to client & market requirements.”
Torstone’s CEO, Brian Collings commented: “We are delighted that Liberum has chosen Inferno as its back-office system to replace its legacy post-trade operations. Liberum’s choice to use Inferno follows a growing trend among the UK broker community to outsource the technology while insourcing operations. We look forward to supporting Liberum’s growth by removing operational complexity and associated risk and providing a more streamlined back-office system.
The project has been a fantastic success and follows the Torstone trend of completing new implementations within budget and on-time.”
About Liberum http://www.liberum.com/
Liberum is an employee-owned investment bank that provides Pan-European Equity Sales, Research, Corporate Broking, Advisory and Trading services
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, Toronto, Hong Kong, Singapore, and Tokyo.