N+1 Singer renews with Torstone’s Inferno

Leading UK broker, N+1 Singer has renewed its multi-year agreement with Back Office vendor Torstone Technology, signalling its continued commitment to Inferno, the vendor’s post-trade processing platform.

Inferno processes N+1 Singer’s post-trade flow, from trade capture through to settlement, accounting and reconciliation, via its real-time, event-driven, service-orientated architecture, helping the firm to achieve very high rates of STP.

N+1 Singer originally chose Inferno in 2013, as part of a plan to move away from an outsourced model and bring its operations back in-house. Now, with Torstone providing a fully managed, hosted technology solution, the firm has been able to optimise its operational function, and is well placed to respond to the continued wave of regulation that the market is experiencing, whilst staying focused on delivering a quality service to its clients.

Tim Cockroft, CEO of N+1 Singer said: “We are pleased to further commit to the relationship with Torstone. Our company remains at the forefront of UK plc, providing equity for the growth of the small and mid-cap sector. In order to maintain our competitive edge, we need reliable, efficient and scalable systems such as Torstone’s Inferno.”

Torstone’s CEO, Brian Collings added: “We are delighted to extend our agreement with N+1 Singer, which we see as clear evidence of our continued commitment to the UK broker market. We recognise the pressures that firms in this sector are facing, as compliance with new regulation, such as MiFID (II), continues to dominate the landscape. This makes it more important than ever to ensure that the middle and back office function is optimised and automated. By providing a modern, efficient technology platform, Inferno addresses the cost-critical needs of mid-tier firms, allowing them to concentrate on delivering value to their customers.”

About Torstone Technology www.torstonetechnology.com
Torstone Technology, headquartered in London with offices in New York, Tokyo, Hong Kong and Singapore, provides securities and derivatives post-trade processing software to the global financial markets. Its flagship product is Inferno which is designed to support high volumes of straight through processing for settlement of a wide range of asset classes from complex derivatives to high volume equity processing. The software is designed for today’s more fragmented and highly regulated markets.

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About Torstone Technology www.torstonetechnology.com

Torstone Technology is a leading global SaaS platform for post-trade securities and derivatives processing and risk management. We simplify the complexities of operational and risk workflows by connecting global financial industry expertise with technology innovation to provide comprehensive functionality, business process automation, and world-class client service to financial institutions across the globe.

Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, we offer agile, secure, scalable, and cost-effective solutions. Torstone’s Cloud-based, award-winning technology enables global financial firms to reduce costs, achieve greater operational efficiency, drive revenue growth, and minimize risk.

We are a fast-growing company headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.

Press enquiries to:
Tom Engleback
Direct: +44(0) 7515 922458

Further information from:
Payal Raina, Marketing
Torstone Technology
8 Lloyd’s Avenue, London, EC3N 3EL
Direct: +44 20 7418 7928