Daiwa Europe Transfers Repo Business to Torstone’s Inferno

city-of-london-1 — Daiwa Europe has migrated its repo business onto Torstone's back office processing platform.

- Marina Daras
- 11 Dec 2013

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Daiwa Europe, the investment banking arm of Japan's Daiwa Securities Group, says it has improved its straight-through processing (STP) performance, increased its business capacity, and reduced cost.

"This project represents a huge step forward in our program of organizational change," says Jim Baseley, head of operations at Daiwa Europe. "With the extra capacity and flexibility Inferno gives us, we can respond much faster to the market and provide a sound platform to grow our business."

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