Mainfirst goes live on torstone inferno
London – 11th April 2017 – Torstone Technology, the leading provider of post-trade securities and derivatives processing, today announces that MainFirst, the independent German headquartered European financial services firm, specialising in equity brokerage, capital markets and asset management, has completed the migration to Torstone’s middle and back office platform, Inferno.
Inferno is Torstone’s award-winning core post-trade processing platform, a multi-asset, multi-entity system, covering trade capture, confirmation, settlement, accounting and reconciliation. It provides a fully integrated, feature-rich user experience for middle and back office staff, increasing straight through processing (STP) and reducing manual effort.
MainFirst chose to implement Torstone’s Inferno in August 2016, following a successful pilot project which demonstrated that Inferno could meet the broker’s functional requirements, which included German specific confirmations and transaction reporting, as well as connectivity to Deutsche Boerse. MainFirst went live on Inferno in March 2017, migrating all post-trade processing away from the incumbent third party system.
Commenting on the project, Michael Lange, Partner, Head of Operations, MainFirst said: “Inferno provides us with a flexible, scalable solution that enables us to effectively grow our business and respond to evolving market and regulatory requirements. The integrated nature of the system has helped to streamline our back office operations process, as we can now operate through a single, unified user interface.”
Jonny Speers, Global Head of Sales, Torstone said: “We were delighted that MainFirst chose Torstone, and are very pleased with the positive feedback that we’ve received from them following the implementation. MainFirst is our first client in Germany, so the project included a number of market specific enhancements, in addition to the standard configuration and deployment of the system. The combined team of Torstone and MainFirst worked very well together, ensuring an on-time, on-budget delivery.”
Brian Collings, CEO, Torstone, added: “This project is another great example of Torstone’s ability to enter a new market and quickly bridge the gap to provide a fully featured, value-add solution, demonstrating the dynamic nature of the platform. Furthermore, our flexible approach to infrastructure and hosting meant that we have been able to meet MainFirst’s regulatory requirements in a post-Brexit scenario, by hosting the system locally in Frankfurt. The modular nature of our platform means that MainFirst can extend the system as needed, as new regulatory requirements enter into force.”
About MainFirst: http://www.mainfirst.com/
MainFirst is an independent European financial services firm, specialising in equity brokerage, equity capital markets and asset management.
In equity brokerage we cover about 260 European companies and support European and international institutional investors. We deliberately pursue a multi-local approach, with equity research and sales in the major financial centres in continental Europe as well as in London and New York. This affords us proximity to businesses and investors, which in turn enables us to take stronger views and establish closer contacts.
In asset management, we actively manage equities, fixed income and multi-asset portfolios. We rely on a multi-boutique approach, where highly experienced fund management teams implement their respective investment styles in a clear and concise manner.
Our locations are Frankfurt, London, Luxembourg, Milan, Munich, New York, Paris and Zurich.
We are successful thanks to the high level of competence, integrity and dedication of our about 180 employees, who are very clearly aligned with the mission to consistently provide superior returns for our customers. Character. For More Performance.
Independence has been a mainstay of our company from the outset. This is reflected in an independent research product for our institutional clients, independent advice from our equity capital markets team, independent and autonomous style-oriented fund managers in asset management and, of course – in our own independence.
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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