Torstone Technology Fires Up Inferno Reconciliation

Inferno Reconciliation, aimed at investment banks and brokers, is geared towards refined management and visibility of trade processes in equities, derivatives and fixed income business. Reconciliation is designed to operate in a standalone fashion, but can also be integrated as a module into Inferno, Torstone's enterprise clearing, settlement and accounting system.

"By bringing accurate data together in one place, Inferno Reconciliation is a great stepping stone when preparing for process change such as a system replacement or indeed moving from individual point solutions for different asset classes to Inferno's one stop solution," says Brian Collings CEO at Torstone. "There are other reconcilers on the market, but these tend to be generic, whereas this module is tailored to reconciling positions, cash and trades. These are not single point-in-time reconciliations either, but include history and statistics providing trend analysis of problems, clearance progress and provide greater diagnostic power for faster resolution of breaks."