Optiver Taps Torstone for Inferno Sub Ledger Solution

Standalone implementation of sub-ledger module by Dutch market maker represents duo of firsts for Torstone Technology.

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The Inferno SL proof-of-concept phase was initially intended to take three months, but that was later reduced to just six weeks, according to Brian Collings, CEO of Torstone Technology.

Amsterdam-based Optiver signed a multi-year contract for the Inferno SL module following a proof-of-concept phase as the high-frequency trading firm looks to support its European business and future growth plans. The Inferno SL module provides a full double-entry, multi-currency, multi-entity sub-ledger environment that generates trial balance, P&L, and a full suite of financial reports.

The primary factor in favor of Optiver's ultimate roll-out of Inferno SL during the proof-of-concept stage

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