Saxo Bank Securities in Japan warms to Torstone’s Inferno for regulatory reporting
Japan-based Saxo Bank Securities has selected Torstone Technology’s Inferno to replace its legal ledger and comply with regulatory reporting requirements.
It will initially use Inferno to improve its post-trade reporting processes and is looking to add additional features in future unspecified phases. Torstone says Inferno is a modular solution, giving organisations the “opportunity to incrementally deploy components, as part of a phased migration to a complete middle and back office solution”.
Ren Kuroda, chief operating officer, Saxo Bank Japan, says: “Torstone’s local presence and expertise in Japan were critical factors in the awarding of this contract to replace our existing legal ledger system.”
Brian Collings, CEO, Torstone Technology, adds that the nation is a “key market for us and we are continuing to invest and expand our offering there”.
As reported last year, Torstone further expanded in Asia with new appointments and the launch of a standalone reporting module in Japan.
Torstone is headquartered in London with offices in New York, Tokyo, Singapore and Hong Kong.
Saxo Bank Securities is a wholly-owned subsidiary of Saxo Bank and part of Saxo Group. The latter is headquartered in Copenhagen.