Peel Hunt, an independent broker and trading house, has extended Torstone Technology’s Inferno programme into its US business.
According to Peel Hunt, the agreement with Torstone will give the firm more flexibility to develop its US business.
The multi-year deal will also enable Peel Hunt to respond more quickly to client and market requirements.
In August, Peel Hunt also selected Torstone’s Inferno solution in order to comply with the transaction reporting obligations of the second Markets in Financial Instruments Directive (MiFID II) and its accompanying regulation, Markets in Financial Investments Regulation (MiFIR).
Sunil Dhall, chief finance and operating officer at Peel Hunt, said: “We are pleased to be expanding our partnership with Torstone Technology to support our US business, having used Inferno for over seven years within Peel Hunt.”
“This extension of our relationship is a testament to Torstone Technology’s simple implementation of their cost-effective and flexible technology enabling us to run our post-trade operations efficiently.”
Brian Collings, CEO of Torstone, commented: “We look forward to further strengthening our relationship with Peel Hunt and to developing our solution to further ease the firm’s ability to operate in the US market.”
