Natixis Japan Securities Co. will be using the Inferno module from post-trade securities and derivatives processing vendor Torstone Technology to increase the level of automation and optimization of its collateral management processes, cut operational inefficiencies and comply with regulatory requirements in Asia. Natixis, the corporate, investment management and financial services arm of Group BPCE, has… Read More >>
ISDA Worries Firms Will Miss Margining Deadline
New Variation Margining Rules Hit March 1 Starting March 1, financial services firms will be subject to “new rules that will require them to exchange variation margin on their non-cleared derivatives trades,” but many of them may miss that deadline, says Scott O’Malia, CEO of the International Swaps and Derivatives Association (ISDA) in the Jan…. Read More >>
Broker Deploys Torstone’s Back-Office System in Four Months
U.K. Firm Wants Cost-Effective, Scalable Back Office Liberum, a pan-European investment bank, signed a multi-year deal with Torstone Technology in July to deploy the vendor’s Inferno back-office system and went live earlier this month with the new system, achieving a four-month implementation, according to Liberum and vendor officials. An employee-owned firm, Liberum offers pan-European equity… Read More >>
ISE Fills Two Executive IT Management Posts
ISE’s Chief Information Officer to Retire in April The International Securities Exchange (ISE) reports that Robert Cornish, its current chief technology officer (CTO), will move to the post of chief information officer (CIO) on the April retirement of current CIO Daniel Friel, while Thomas Reina, the current senior vice president, technology development, will become CTO…. Read More >>
Amazon Web Services to Support Key Markit Systems
Markit Signs On for Amazon Web Services A provider of data services and systems, Markit has adopted the low-rent cloud computing support of Amazon Web Services (AWS) to support “Markit products and services including enterprise data management (EDM), thinkFolio, WSO, indices and processing,” according to Markit officials. Markit EDM and WSO customers across North America… Read More >>
Panmure Gordon to Deploy Torstone Platform
Stockbroker and investment bank Panmure Gordon has signed a multi-year deal with financial technology vendor Torstone Technology for the use of Inferno, Torstone’s post-trade securities and derivatives processing system, officials say. Panmure will use Inferno to process its post-trade flow from trade capture through to settlement, accounting and reconciliation. Inferno allows users to consolidate multiple… Read More >>
