TECHNOLOGY

Peel Hunt to use Torstone for MiFID II transaction reporting

Torstone Technology’s Inferno service is connected to various ARMs including UnaVista, Abide and the DTCC.

By Hayley McDowell hayley.mcdowell@strategic-i.com August 30, 2017 1:55 PM GMT

Peel Hunt is to use Torstone Technology’s transaction reporting tool to comply with MiFID II’s reporting requirements.

The Inferno service will allow the broker to manage the capture and storage of data, submit and monitor transaction reports sent to various approved reporting mechanisms (ARMs).

Torstone’s reporting tool is ARM agnostic and is connected to the London Stock Exchange’s UnaVista, NEX Group’s Abide and the DTCC.

Sunil Dhall, chief financial and operating officer at Peel Hunt, explained the firm has a long-standing partnership with Torstone and has used the Inferno service for more than 10 years.

“The modular platform provides us with a flexible, easily scalable solution. We have selected Torstone’s MiFIR transaction reporting service as their offering provides speed to market, as well as reliability,” he said.

Chief executive officer at Torstone Technology, Brian Collings, added the extension of the firm’s partnership with Peel Hunt is “testament to Torstone’s commitment to its clients to build highly automated, scalable and flexible solutions designed for rapid deployment”.