TORSTONE ANNOUNCES GLOBAL AGREEMENT WITH ITI CAPITAL
London – 12th July 2018 – Torstone Technology, a leading provider of post-trade securities and derivatives processing, today announces 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 award-winning 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 said: ‘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.’
About ITI Capital www.iticapital.com
Since its inception in 2005, ITI Capital has evolved into a leading financial technology and multi-asset execution provider to some of the world’s largest specialist financial institutions. Attention to delivering outstanding customer service, technology and best execution solutions in Russia, emerging and the major markets of the world remains at its core. With offices in London, Moscow and Guernsey ITI is well positioned to cover a wide and diverse range of institutional and private clients all with the same objective of generating and or protecting Alpha.
ITI Capital is Authorized and regulated by the Financial Conduct Authority (FCA) with membership to the London Stock Exchange, the Moscow Exchange and ICE.
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 platform is fast, flexible and future-proof. It enables global financial firms to reduce their total cost of ownership, 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.