Source: Torstone Technology
Torstone Technology, a leading global provider of post-trade securities and derivatives processing, today announced that CLSA, a leading Asian capital markets and investment group, has signed a multi-year deal to use Inferno and is now live with the solution, which will bring greater efficiencies to its post-trade processes.
CLSA’s Japan operations will deploy Inferno to improve and automate the processing of trade feeds from its front-office systems through to its current back-office. In addition to more efficient trade capture and reconciliation, Inferno will provide a flexible architecture to add functionality as the business requires.
Additional Inferno modules include cash management, regulatory reporting, corporate actions processing and collateral management; providing clients with the option to incrementally deploy new capabilities, as part of a phased migration to a full settlement and accounting sub-ledger solution, over time.
Inferno is a flexible, modern, cost-effective platform which will allow CLSA to run its operations efficiently and with reduced operational risk. The system is also scalable which means that Torstone can quickly respond to any subsequent operational requirements that CLSA may have.
Commenting on the announcement, Brian Collings, CEO, Torstone Technology said: “We are very excited to be working with CLSA as we continue to expand our offering in the Japanese market. We look forward to working with the firm and providing additional product solution and support as they continue to grow in the region.”
Adding to this, Philippe Bredel, COO, CLSA Japan said: “We are pleased to be working with the team at Torstone Technology who has been able to provide CLSA with a tailored solution that optimises a number of post-trade processes critical to the efficient functioning of our business.”