GFI goes live with Torstone’s Inferno for Reconciliations
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
GFI goes live with Torstone’s Inferno for Reconciliations
London— 16 July 2014 — Torstone Technology has announced that its latest new client, GFI Group — a global OTC and listed markets intermediary — has signed a multi-year contract for the use of Torstone’s Inferno back office technology for Reconciliations.
GFI has chosen Torstone’s back office software to improve business agility, management control (given the current regulatory environment) and reduce the total cost of ownership. Torstone’s experienced team and hosted solution speeds up the on-boarding of new clients and GFI was able to see its own data in Inferno for Reconciliations within a matter of weeks.
The Torstone Reconciliation module is a component of the award winning Inferno back-office system which is a modern, scalable system, capable of handling significant volumes yet 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.
“Working with an agile technology firm such as Torstone means that we’ll be using the latest technology. In addition, their hosting service and upgrade process mean that they will keep us on the latest version so that we don’t need to go through painful and costly upgrades,” comments Prash Naik, GFI Managing Director Finance & Operations EMEA.
Unlike other reconcilers on the market, which tend to be generic, Inferno Reconciliation is tailored to reconciling positions, cash and trades. These are not single point-in-time reconciliations either, but include history and statistics providing trend analysis of problems, clearance progress and provide greater diagnostic power for faster resolution of breaks.
“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 at the level and timescale that suits them.”
About GFI http://www.gfigroup.com/
Founded in New York in 1987, GFI provides competitive wholesale market brokerage services in a multitude of global over-the-counter (OTC) and exchange listed cash and derivatives markets. Over more than 25 years, GFI has expanded both organically and through acquisitions into a broad range of markets, including fixed income derivatives, cash fixed income, emerging market financial products, energy and commodity derivatives, and equities.
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.
— ends —