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.”
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