Liquidnet Japan implements Torstone Inferno

Source: Torstone

In June of this year, Torstone Technology signed a multi-year contract with Liquidnet – the global institutional trading network – and today announced the successful implementation of Inferno, its back office system, in support of Liquidnet’s business in Japan.

Liquidnet has partnered with Torstone to consolidate its back office technology by replacing multiple systems with one modern, sophisticated, international platform. By adopting Inferno, Liquidnet will benefit from improved control and efficiency through a flexible and scalable system that easily interfaces with front office applications and external vendors. The improvements will allow, the more than 770 of the world’s leading asset managers which use Liquidnet, a more efficient way to optimally source diverse liquidity and satisfy best execution objectives.

“The partnership follows another year of record volumes in Japan. This market has long been a key focus for Liquidnet and the consolidation of the back office technology will improve our operational efficiency,” Andrew Walton, Liquidnet COO Asia Pacific comments. “Inferno will help Liquidnet maintain its role as a leader in connecting global asset managers to source block size liquidity opportunities in Japan.”

Torstone’s award winning Inferno back-office system is a modern, scalable system, capable of handling significant volumes on commodity hardware. Its real-time, event-driven, service-orientated architecture helps firms to achieve very high rates of STP and react to new market changes in a timely manner.

“Switching your back office technology isn’t as daunting as you’d first think” explains Brian Collings, Torstone’s CEO. “Our modular, flexible technology means that we can quickly and easily take-on a new client’s transaction processing, through a phased and incremental approach, whilst providing a strategy to consolidate other business processes as and when the client needs to. We provide an incremental low risk strategy.”

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