Daiwa Europe Consolidates Back-Office Ops With Torstone

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Daiwa Europe has decided to consolidate its back-office operations with Inferno, the post-trade securities processing and trade accounting application provided by Torstone Technology, in a move that will increase efficiency and reduce costs, according to the CEO of the software vendor.

Daiwa Europe, the investment banking subsidiary of the Daiwa Securities Group, has signed a four-year deal to use Inferno for convertible bonds and associated equity/hedge products. The firm's cash equity business

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