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Liquidnet Inferno implementation

18 December 2014
London, United Kingdom

Torstone completes implementation of its Inferno back office system to support Liquidnet’s business in Japan

London— 18 December 2014 — In June of this year, Torstone Technology signed a multi-year contract with Liquidnet – the global institutional trading network – and today announced the successful implementation of Inferno, its back office system, in support of Liquidnet’s business in Japan.

Liquidnet has partnered with Torstone to consolidate its back office technology by replacing multiple systems with one modern, sophisticated, international platform. By adopting Inferno, Liquidnet will benefit from improved control and efficiency through a flexible and scalable system that easily interfaces with front office applications and external vendors. The improvements will allow, the more than 770 of the world’s leading asset managers which use Liquidnet, a more efficient way to optimally source diverse liquidity and satisfy best execution objectives.

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

Torstone’s award winning Inferno back-office system is a modern, scalable system, capable of handling significant volumes on commodity hardware. Its real-time, event-driven, service-orientated architecture helps firms to achieve very high rates of STP and react to new market changes in a timely manner.

“Switching your back office technology isn’t as daunting as you’d first think” explains 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.”

About Liquidnet http://www.liquidnet.com/

Liquidnet is the global institutional trading network where more than 770 of the world’s top asset managers and other like-minded investors come to execute their large trades with maximum anonymity and minimum market impact. As the global leader in large block trading, Liquidnet provides access to unique trading opportunities in 43 markets across five continents. Liquidnet approaches every market with the same bold vision to provide a better, more efficient way to trade on a massive scale. It is this focus on size, combined with the strength of its network, disruptive technology, and commitment to transparency, that is revolutionizing the way equities and corporate bonds are traded, and the way public and private companies raise capital. For more information, visit www.liquidnet.com and follow us on Twitter @Liquidnet.

About Torstone TechnologyTorstone Technology, headquartered in London with offices in New York and Hong Kong, provides securities and derivatives processing software to the global financial markets. Its flagship product is Inferno which is designed to support high volumes of straight through processing for settlement of a wide range of asset classes from complex derivatives to high volume equity processing. The software is designed for today’s more fragmented and highly regulated markets.

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