DAIWA GOES LIVE WITH TORSTONE TECHNOLOGY'S INFERNO IN HONG KONG
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
Ask an Analyst
Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
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
nferno Delivers Improved STP, Increased Business Capacity and Cost Savings
Torstone Technology, a leading provider of securities and derivatives processing software to the global financial markets, and Daiwa Capital Markets Hong Kong (Daiwa HK), the investment banking arm of Daiwa Securities Group, today announced that Daiwa’s multi-asset Hong Kong Agency business has successfully transferred onto Torstone’s post-trade processing platform, Inferno. This represents the latest phase of a long-term collaboration to implement best of breed back-office technology across multiple asset classes at Daiwa HK.
Torstone’s Inferno now processes all of Daiwa HK’s settlements, confirmations and reconciliations for its equity and fixed income business; provides the finance team with a platform for journal postings, generates risk reports; and provides a platform for use by legal & compliance.
By using Inferno, Daiwa HK is able to consolidate its business onto a single operating platform, and drive down operating costs. Inferno is an automated scalable system, capable of handling significant volumes on hosted hardware. Its real-time, event-driven, service-orientated architecture helps firms to achieve very high rates of straight through processing (STP).
This project has also further enhanced the on-going alliance between Torstone and the Daiwa Institute of Research (DIR). DIR provides research and consultancy services as well as systems integration services. Mr Koichi Suzuki, Deputy President at DIR said: “We have built a very strong working relationship with Torstone over the past three years which has allowed major projects to run smoothly, be completed on-time and fulfil all of the business' requirements.”
Commenting on the project, Terry Mackey, Chief Operating Officer at Daiwa HK, said: “By adopting Inferno, Daiwa HK has improved STP performance, increased business capacity and agility, and sizeable cost savings through business synergies, therefore successfully positioning Daiwa for future growth.”
“Switching back office technology isn’t as daunting as some firms think” explains Brian Collings, Torstone’s Chief Executive Officer. “Our modular, flexible technology means that we can quickly and easily manage a client’s transaction processing, through a phased and incremental approach, whilst advising clients as to how they can consolidate other business processes as and when they need to.”