Panmure Gordon Looks to Torstone for Back-Office Support

According to London-based Torstone, the ability to consolidate multiple vendor and in-house systems into a single, unified back-office platform was a key driver behind Panmure's decision to switch to Inferno. Using the Inferno platform, Panmure Gordon has greater flexibility to connect to up-and-down stream systems, as well as drive down costs.

Inferno, responsible for winning the best implementation category at last year's Sell-Side Technology Awards with its implementation at Daiwa Capital Markets (Europe), is capable of handling significant volumes on hosted hardware. Its real-time, event-driven, service-orientated architecture helps firms to achieve high rates of straight-through processing (STP).

"We are setting a trend in the UK broker community by providing a consolidated, modern, hosted system to replace multiple, disparate systems running in-house operations," explains Torstone's CEO, Brian Collings. "Inferno addresses the cost-critical needs of mid-tier firms to outsource the technology while insourcing operations. Equally, Inferno scales to meet the demands of third-party business process outsourcers for a fully functional foundation platform to service multiple clients, including large institutions."