London
31 August 2017
Reporter: Jenna Lomax

Peel Hunt chooses Torstone technology for MiFIR solution


Independent broker and trading house Peel Hunt has chosen Torstone’s Inferno solution in order to comply with the transaction reporting obligations of the Markets in Financial Instruments Directive (MiFID II) and its accompanying regulation (MiFIR).

Torstone’s Inferno will assist Peel Hunt in compliance with the expanded scope and detail of transaction reporting required under MiFIR, which demands a much wider range of financial instruments and disclosure of additional mandatory data.

The solution will also address data security, data privacy and data quality requirements, collating information in one place.

The agreement comes after Torstone announced in March that it has been live testing the new Inferno solution.

Sunil Dhall, chief financial and operating officer at Peel Hunt, said: “We have a long-standing partnership with Torstone Technology having used Inferno for over ten years.”

He added: “We look forward to continuing to work with Torstone as we prepare for the MiFID II implementation deadline.”

Brian Collings, CEO of Torstone Technology, said: “We are extremely pleased that Peel Hunt has chosen to implement the Inferno module for transaction reporting under MiFIR. This extension of our existing partnership with Peel Hunt is testament to Torstone’s commitment to its clients to build highly automated, scalable and flexible solutions designed for rapid deployment.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Ten-year T2S saga comes to an end
19 September 2017 | Brussels | Reporter: Stephanie Palmer
The Target2-Securities pan-European harmonised settlement platform is finally fully operational, as the Spanish and Baltic markets completed their migration yesterday
SS&C on point with launch of Precision LM 3.0
19 September 2017 | Windsor | Reporter: Theo Andrew
With improvements spanning across the loan production, servicing and technology functions, the Precision LM 3.0 upgrade also includes expandable web services, helping to improve operational efficiency
Linedata and DTCC keep partnership going
19 September 2017 | London | Reporter: Jenna Lomax
The new updated programme, Extensible Markup Language allows Linedata clients to match transactions across extended asset classes, and enables trade processing on one platform
PwC promotes into leadership roles
19 September 2017 | London | Reporter: Theo Andrew
Elizabeth Stone will be responsible for working with asset and wealth management clients across audit, tax, advisory, deals and legal services across the UK
Euroclear-DTCC and Lombard Risk link collateral management programmes
18 September 2017 | London | Reporter: Jenna Lomax
Lombard Risk has partnered its Colline solution with DTCC and Euroclear's GlobalCollateral margin transit utility (MTU) programme
Sanne backed as fund administrator by Central Bank of Ireland
18 September 2017 | Dublin | Reporter: Theo Andrew
Under Section 10 of the Investment Intermediaries Act, Sanne will now be able to provide services to Irish authorised collective investment schemes and alternative investment managers
New COO joins Calastone
18 September 2017 | London | Reporter: Theo Andrew
Stephen Mohan joins from DST Systems, formerly IFDS, where he was most recently executive director of transformation and innovation
More news