Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.
Post-trade securities and derivatives processing solutions provider Torstone Technology will be providing its post-trade processing platform, Inferno, to institutional broker ITI Capital in order to manage its growing institutional business, with a view to growing other capital market business lines.
ITI Capital is a brokerage and investment house for institutional investors and private clients, offering multi-asset agency execution services. Torstone’s Inferno covers ITI Capital’s needs with its trade capture, confirmation, settlement, accounting, corporate actions, reconciliation and regulatory reporting. The platform provides a fully integrated, feature-rich user experience for middle and back office staff, increasing straight-through processing (STP) and reducing manual effort.
Max Hayden, Chief Executive Officer of ITI Capital, commented:
“As an ambitious organization, ITI Capital requires a modern post-trade platform capable of providing the breadth of functionality and coverage for the full range of asset classes we supply, when and where we require it. We believe that Torstone as a company, and Inferno as our chosen solution, will provide us with exactly what we need for now and for the future.”
Brian Collings, Chief Executive Officer of Torstone, added:
“We are delighted that ITI has chosen Torstone to help manage its multiple businesses and expand further into the global capital markets. This is a great example of Torstone’s commitment to deploying highly automated, scalable and flexible solutions that allow our clients to innovate, compete and focus on growing their business. Inferno will support ITI Capital in minimizing operational risks, reducing costs and achieving greater control. We look forward to working with ITI Capital and continuing to drive efficiencies through our agile, integrated platform.”
ITI Capital Ltd is authorized by the UK Financial Conduct Authority since 2005 and is a member firm of the London Stock Exchange, ICE Europe, London Stock Exchange Derivatives Market LSED and has an extensive agent network to access all other markets. The company facilitates access to execution and financing services for equities, fixed income, FX, listed derivative markets, and most recently cryptocurrency products.
In May 2017, Torstone Technology made two senior appointments to its European team in order to respond to market demands ahead of MiFiD II. Paul Phillips joined the company as Head of European Sales, and Paul Mundy joined from Broadridge Financial Solutions to manage asset servicing solutions as Product Manager. The company added Mack Gill as Chief Operating Officer (COO) and member of the Board of Directors in September 2017.
In early 2017, Torstone teamed up with LSEG’s UnaVista to deliver an Approved Reporting Mechanism (ARM) that helps its users of regulatory compliance module InfernoRC to comply with Markets in Financial Instruments Regulation (MiFIR) and its transaction reporting rules.