Liquidnet has mandated Torstone Technology to implement its Inferno back office system for business in Japan.
The Inferno system will replace multiple systems with a single platform, consolidating the back office and offering more control and flexibility.
It is capable of handling large volumes of commodity hardware, while real-time technology means that firms can react quickly to market changes, offering an efficient way for Liquidnet’s users to source diverse liquidity.
Andrew Walton, COO of Liquidnet in the Asia Pacific region, said: “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.”
He added, “Inferno will help Liquidnet maintain its role as a leader in connecting global asset managers to source block size liquidity opportunities in Japan.”
The technology also allows interaction between back-office and front-office applications, as well as between Liquidnet and external vendors.
“Switching your back office technology isn’t as daunting as you’d first think,” said Brian Collings, CEO of Torstone.
“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.”
This development comes shortly after Liquidnet appointed BNY Paribas Security Services to provide third-party clearing and settlement services in the Asia Pacific region.
