Torstone Technology, providers of securities and derivatives processing software to the global financial markets, today announced the availability of the Inferno back office system for Virtual Private Cloud (VPC) environments such as Amazon or Rackspace. Torstone believes it is first in its sector to offer this deployment option with the security and robustness to reassure target customers such as investment banks, larger hedge funds and brokers.
Brian Collings, chief executive of Torstone Technology said: “We believe Torstone has stolen a march on our competitors and is very early in enabling our customers to take advantage of the flexibility, resilience, scalability and cost-effectiveness of secure VPCs. This is down to the underlying architecture of Inferno as well as our in-house technologists who are equipped with the skills to engineer our solution to utilise the VPC optimally.”
VPCs such as Amazon’s offer a fully secure environment. Taking this option, Torstone clients can benefit from a Virtual Private Network (VPN) which is configured and locked down at the network level so that each Torstone client has a completely private Inferno instance that is fully secure in the private cloud. Inferno is compatible with any industry standard Linux and Oracle cloud environment with the appropriate security.
Private cloud computing offers the ability to snapshot instances of the infrastructure required to run applications. Torstone takes advantage of this ‘run book’ automation to deploy a new ready-configured instance of Inferno extremely rapidly – in just a matter of hours – which can then be customised to meet individual client requirements at less cost than other deployment options. Torstone also offers additional flexibility for disaster recovery by enabling clients to mix different cloud providers or use a blend of data centre hosting and cloud services.
Torstone has always sought to deliver Inferno to meet the preferred IT operational environments of clients. Today’s announcement extends those options from in-house hosting and fully managed software as a service to include VPC.
“The infrastructure level is finally becoming a commodity service, which enables software vendors such as ourselves to focus more investment on advancing, developing and supporting financial back office systems to meet the constantly evolving needs of the industry,” MrCollings concluded.
About Torstone Technology http://www.torstonetechnology.com/
Torstone Technology, headquartered in London with offices in New York and Hong Kong, provides securities and derivatives processing software to the global financial markets. Its flagship product is Inferno which is designed to support high volumes of straight through processing for settlement of a wide range of asset classes from complex derivatives to high volume equity processing. The software is designed for today’s more fragmented and highly regulated markets.