Torstone Technology, a provider of post-trade securities and derivatives processing, today announced that Peel Hunt, an independent corporate broking, advisory and trading house focusing on mid & small-cap companies, is expanding its use of Inferno for its US business, Peel Hunt Inc.
In signing a multi-year deal to use Inferno, Peel Hunt now has more flexibility to develop its US business and respond more quickly to client and market requirements. Inferno is a flexible, modern, cost-effective platform which will allow Peel Hunt to run its operations efficiently and with reduced operational risk. The system is also scalable which means that Torstone Technology can quickly respond to any subsequent requirements that Peel Hunt may have as it expands its operations in the US market.
Commenting on the deal, Sunil Dhall, Chief Finance and Operating Officer, at Peel Hunt said:
We are pleased to be expanding our partnership with Torstone Technology to support our US business, having used Inferno for over 7 years within Peel Hunt. This extension of our relationship is a testament to Torstone Technology’s simple implementation of their cost-effective and flexible technology enabling us to run our post-trade operations efficiently.
Torstone’s CEO, Brian Collings commented:
The extension of our offering to support clients with US operations is a key component of our global growth strategy. We look forward to further strengthening our relationship with Peel Hunt and to developing our solution to further ease the firm’s ability to operate in the US market.