Torstone Technology, a global provider of post-trade securities and derivatives processing, has announced that Saxo Bank Securities (Saxo Bank Japan), the investment and trading firm, has gone live with the first phase of its migration to Inferno, Torstone's cloud-based post-trade platform.
Saxo Bank Japan has replaced its legal ledger legacy system with Inferno to support regulatory reporting on the cloud for its existing and new equity business. Through Inferno, Saxo Bank Japan is able to reduce operational risk and ensure quick and efficient post-trade reporting processes while achieving compliance with Japan’s regulatory requirements.
Inferno’s cloud-based infrastructure is modular which facilitates Saxo Bank Japan’s phased migration to a complete middle and back office solution by allowing the gradual deployment of components. The Inferno platform is also scalable and offers continuous upgrades which allows Torstone to respond to Saxo Bank Japan’s operational obligations with speed and efficiency.
“By replacing our legal ledger with Inferno, Torstone has provided a foundation to help Saxo Bank grow our new equity business while meeting changing regulatory requirements," said Francisco Izawa, CEO of Saxo Bank Japan. "We look forward to benefitting from greater operational efficiencies in our post-trade reporting processes and eventually adding additional Inferno features in future phases.”
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