U.K. Broker Selects Torstone Technology's Post-Trade Platform

U.K. broker N+1 Singer has selected Torstone Technology’s Inferno platform for post-trade securities and derivative processing.

Inferno will process N+1 Singer’s post-trade flow, from trade capture through to settlement, accounting and reconciliation. The broker chose the system in order to achieve greater STP and reduce their total cost of ownership across the back office.

By using Inferno, the broker decided it was able to bring back full control and operation of back office functions, in-house.

“Outsource your technology but keep control of your business in-house, is a very clear message that we are hearing from the market,” says Jonny Speers, global head of sales at Torstone.