Credit Suisse migrating post-trade to Torstone’s cloud-based platform

Torstone Technology announced that Credit Suisse Securities has selected its post-trade processing platform, Inferno, to replace the firm’s existing third-party outsourced platform and service. The platform is multi-asset, multi-entity and cloud-based, covering trade capture, confirmation, settlement, accounting, corporate actions, reconciliation and regulatory reporting.

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, according to a company statement.

Read the full release

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