HQ: London, UK Ownership: Private Founded: 2011 # Known Sites: 14 # Staff: 25
Key Clients: Daiwa Capital Markets, Liquidnet, Peel Hunt, Panmure Gordon
Key Highlights
Company Overview
• Offshoot of the IT department of KBC Bank; Torstone was formed when management of Inferno within KBC proposed to buy the technology from KBC and become a standalone software firm
• Firm is made up of ex-KBC Bank employees
• Windows-based and written in C#, and the back-end runs on Oracle database and is almost all coded in C++
Product Overview
• Key functionalities supported: Middle office, back office, and accounting system for equity and fixed income products and complex credit, insurance, fund and equity derivatives.
• In October 2012, Torstone announced its partnership with Daiwa Institute of Research, Daiwa Securities Group’s integration, consultancy and research arm
• Majority of the customers are based in Western Eu- rope