Liquidnet Implements New Back Office System in Japan

Liquidnet, a global institutional trading network, has implemented Torstone Technology’s Inferno system to consolidate its back office for Japan.

In addition to replacing multiple systems with one, by adopting Inferno, Liquidnet can benefit from improved control and efficiency. Inferno operates in real-time and helps firms to achieve high rates of straight-through processing (STP).

“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,” says Andrew Walton, Liquidnet COO Asia Pacific. “Inferno will help Liquidnet maintain its role as a leader in connecting global asset managers to source block size liquidity opportunities in Japan.”

“Switching your back office technology isn’t as daunting as you’d first think,” says Brian Collings, Torstone’s CEO. “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.”