Daiwa Europe Lights Torstone's Inferno in Back Office

The Bank of England in London
Daiwa Europe is the London-based arm of Japanese brokerage Daiwa Securities.

Daiwa Europe, the investment banking subsidiary of Japanese brokerage firm Daiwa Securities Group, has chosen Torstone Technology's Inferno for its post-trade securities processing and trade accounting.

The London-based firm will use Inferno for convertible bonds, associated equity and hedge products, and foreign exchange (FX) and money markets (MM) treasury functions.

Daiwa Europe also plans to integrate its cash equity business to the system by the end of the year, with fixed-income securities set to follow in 2013.

"Inferno is a one-stop shop where you go for everything," says Matthew Hargreaves, chief information officer of Daiwa Europe. "No matter what the product, or whether you are in finance, compliance, middle or back office, the suite of functions you need are all in one place and it is comparatively easy to add new ones. The application is well designed and the Torstone team is uniquely able to drill into the detail of both technology and business, which very much simplifies the working relationship."

Inferno is a one-stop shop where you go for everything. No matter what the product, or whether you are in finance, compliance, middle or back office, the suite of functions you need are all in one place.
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