Credit Suisse opts for Inferno
September 5, 2019

Torstone Technology, a lprovider of post-trade securities and derivatives processing, today announces that Credit Suisse Securities (Canada) Inc has selected its post-trade processing platform, Inferno, to replace the firm's existing third-party outsourced platform and service.

Torstone describes Inferno as a multi-asset, multi-entity cloud-based platform, covering trade capture, confirmation, settlement, accounting, corporate actions, reconciliation and regulatory reporting. It provides a fully integrated, feature-rich user experience for middle and back office staff, increasing straight-through-processing and reducing manual effort, it adds.

It says that Credit Suisse chose to implement Inferno following an extensive review period, including a detailed scoping analysis, which demonstrated Inferno's capability to support Credit Suisse's current business needs and the platform's ability to flex in response to future requirements.

Sam Farrell, Director, Head of Operations Credit Suisse Canada & Bahamas, said: "We decided to move to Inferno and bring our operational processing back in-house in order to leverage a cloud-based, cross-asset platform, providing us [with] greater transparency and control over our business, and presenting an opportunity to reduce our total cost of ownership. Our teams are working well together and we look forward to leveraging the benefits of the platform going forward."

The project to migrate to Inferno is now underway and is focused on the firm's institutional equities business. A key driver for the change was an aim to move away from an outsourced operation, and to increase efficiency across the wider business. Consolidating processes on Torstone's SaaS platform will also provide Credit Suisse with the benefits of Torstone's enhanced service model, resulting in reduced total cost of ownership.





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Torstone Technology, a lprovider of post-trade securities and derivatives processing, today announces that Credit Suisse Securities (Canada) Inc has selected its post-trade processing platform, Inferno, to replace the firm's existing third-party outsourced platform and service.

Torstone describes Inferno as a multi-asset, multi-entity cloud-based platform, covering trade capture, confirmation, settlement, accounting, corporate actions, reconciliation and regulatory reporting. It provides a fully integrated, feature-rich user experience for middle and back office staff, increasing straight-through-processing and reducing manual effort, it adds.

It says that Credit Suisse chose to implement Inferno following an extensive review period, including a detailed scoping analysis, which demonstrated Inferno's capability to support Credit Suisse's current business needs and the platform's ability to flex in response to future requirements.

Sam Farrell, Director, Head of Operations Credit Suisse Canada & Bahamas, said: "We decided to move to Inferno and bring our operational processing back in-house in order to leverage a cloud-based, cross-asset platform, providing us [with] greater transparency and control over our business, and presenting an opportunity to reduce our total cost of ownership. Our teams are working well together and we look forward to leveraging the benefits of the platform going forward."

The project to migrate to Inferno is now underway and is focused on the firm's institutional equities business. A key driver for the change was an aim to move away from an outsourced operation, and to increase efficiency across the wider business. Consolidating processes on Torstone's SaaS platform will also provide Credit Suisse with the benefits of Torstone's enhanced service model, resulting in reduced total cost of ownership.



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