OPTIVER SIGNS MULTI-YEAR DEAL FOR TORSTONE’S INFERNO SUB-LEDGER
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Torstone Technology, a leading provider of post-trade securities and derivatives processing, today announces that Optiver, the global electronic market maker, has signed a multi-year deal to use Torstone’s sub-ledger system, Inferno SL, to provide a consolidated balance sheet and perform reconciliations with clearing banks.
Inferno SL provides a full double-entry, multi-currency, multi-entity sub-ledger environment that generates trial balance, P&L and a full suite of financial reports. Following a successful pilot project, which began in October, Optiver has chosen to deploy Inferno SL in support of its European business. A key element of the pilot project was to demonstrate that Inferno SL could meet Optiver’s high-volume performance requirements, and during tests, the system processed more than one million trades per hour.
Commenting on why Torstone was selected, Optiver said: “Inferno SL gives us a flexible, scalable sub-ledger that can grow in line with our business.”
Brian Collings, CEO, Torstone said: “Inferno’s SL is designed to consolidate transaction details as well as accounting information across an organisation’s entire business. Torstone’s modular, flexible technology means that we can quickly and easily take on a new client’s transaction processing at the level and timescale that suits them.”
Inferno SL is a component of the award winning Inferno back-office system which is a modern, scalable system, capable of handling significant volumes. Firms can achieve very high rates of STP and react to market changes in a timely manner due to the real-time, event-driven, service-orientated architecture.