Peel Hunt Chooses Torstone's Settlement System

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Broking and advisory house Peel Hunt has signed a five-year contract with software vendor Torstone Technology, whose Inferno product handles back-office clearance, settlement, trade accounting and reconciliations for high-volume equity trades.

Peel Hunt has been using Inferno since 2010 but explored other products on the market and the possibility of outsourcing before deciding to renew its contract with Torstone. According to Brian Collings, chief executive of Torstone Technology, Peel Hunt had