Credit Suisse Automates Post-trade Equities Operations with Torstone

Credit Suisse has made moves to automate its equities post-trade processes by replacing its third-party outsourced platform and deploying Torstone Technology’s cloud-based system. The investment bank’s business in Canada has decided to move away from its outsourced model to increase efficiency across the wider business and to consolidate its processes. It opted to deploy Torstone Technology’s Inferno platform following a review of its operations through detailed scoping analysis. Torstone confirmed that the project to migrate Credit Suisse to its Inferno platform is now underway, focusing on its institutional equities business. Inferno is multi-asset and cloud-based, covering trade capture, confirmation, settlement, accounting, corporate actions, reconciliation, and regulatory reporting.