Torstone Technology, providers of securities and derivatives processing software to the global financial markets, announced the launch of Inferno for Secure Virtual Private Cloud (VPC) deployment. Virtual Private Clouds are isolated private data areas within public data clouds. For example, the VPC offering within Amazon Web Services product allows users to isolate different cloud servers to be used as either public or private facing. Private environments are inaccessible by the public and can be used by firms to host their internal data centers without internet access.
To enable connection of their product to public data centers like Amazon and Rackspace, but still offer the security of a private server, Torstone has evolved its Inferno product to meet the needs of both private and public environments. A representative from Torstone explained to Forex Magnates “Companies like Amazon, who provide private cloud computing services, enable the necessary hardware , operating systems and software to be commissioned/configured on the fly – sometimes called run book automation. Torstone has readied Inferno for this environment by ensuring that all reliance that Inferno had on non-standard operating system libraries was transformed onto standard libraries which were then packaged within the Inferno installation directories. Infernos Linux compatibility and the fact that cloud providers now support Oracle in the cloud also enables Torstone to use private clouds as a deployment option for clients.”
They added “The user benefits are that the Virtual Private Cloud (VPC) reduces IT running costs, removes the need for capital expenditure on IT as it becomes an operating expense; provides flexibility for the user to expand and contract IT resources in line with demand easily; and enables Torstone to rapidly deploy services to clients. Security is maintained because a logically separate network is created for each individual client’s Inferno instance. These networks are separated via firewall rules and access lists. Torstone believes the VPC will gain take up from small brokerage firms, asset managers and hedge funds .”
Torstone Technology launches Inferno for secure Virtual Private Cloud deployment
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.”
ACY Securities Supports ASIC’s Product Intervention OrderGo to article >>
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,” Mr Collings 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.