ITI Capital has signed a multi-year agreement with Torstone Technology, to utilise Torstone’s post-trade processing platform, Inferno.
Torstone’s Inferno is a multi-asset, multi-entity cloud-based system, covering trade capture, confirmation, settlement, accounting, corporate actions, reconciliation and regulatory reporting.
According to Torstone Technology, ITI Capital made the decision to adopt Torstone’s Inferno platform with a view to grow other capital market business lines.
Commenting on the agreement, Max Hayden, CEO of ITI Capital, said: “As an ambitious organisation, ITI Capital requires a modern post-trade platform capable of providing the breadth of functionality and coverage for the full range of asset classes we supply, when and where we require it.”
He added: “We believe that Torstone as a company, and Inferno as our chosen solution, will provide us with exactly what we need for now and for the future.”
Brian Collings, CEO of Torstone, commented: ‘We are delighted that ITI has chosen Torstone to help manage its multiple businesses and expand further into the global capital markets. This is a great example of Torstone’s commitment to deploying highly automated, scalable and flexible solutions that allow our clients to innovate, compete and focus on growing their business.”
He added: “Inferno will support ITI Capital in minimising operational risks, reducing costs and achieving greater control. We look forward to working with ITI Capital and continuing to drive efficiencies through our agile, integrated platform.”
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