February 18, 2013 - Torstone Technology, providers of securities and derivatives processing software to the global financial markets has released its OData (Open Data Protocol) interface to provide customers with an enhanced analytics and reporting capability by improving the integration between Inferno and other enterprise systems.
Inferno is a comprehensive post-trade securities and derivatives processing software service meeting the needs of regional and mid-sized investment banks, asset managers, hedge funds and brokers for clearing, settlement and integrated accounting across multiple assets, currencies and geographies.
OData is a web-based protocol originally proposed by Microsoft to allow open access to data across multiple IT platforms. In the three years since the standard was first proposed, the use of OData has experienced exponential growth with industry heavyweights including Citrix, IBM and SAP backing the process of standardisation.
Brian Collings CEO of Torstone Technology explains why open access can help the financial industry improve visibility: "Historically, many enterprise software solutions have ended up as data silos, hampering integration and acting as a barrier to the efficient and dynamic reuse of valuable business data within organisations. Inferno bucks this trend by providing open access to its internal data model via the OData interface."
As a result a rich range of data is available from Inferno's trade, settlement, accounting and static reference data for better risk management. Unlocking this information through OData can improve business intelligence by allowing effortless integration with an organisations' existing systems. In addition Inferno's OData interface allows individual users to retrieve and analyse data relating to all aspects of the post-trade process via tools such as Excel PowerPivot.
The OData interface is self describing - any tool connecting to Inferno immediately knows what information Inferno has available and is able to drill down from a high level view to obtain detailed information.
