Modernizing Operations in the Capital Markets
Disruption is creating opportunities and challenges in today’s ultra-competitive capital markets. Participants expect the same high-tech experience from their operations systems that they’ve become used to in their everyday lives. As consumer technology rapidly advances, traditional operations systems in the capital markets seem even more outdated and limited in their ability to meet these demands. To stay ahead of the competition, buy-side and sell-side firms should embrace new technologies like cloud computing, APIs, and modern data analysis.
Beyond technology shifts, modernization programs are particularly crucial when firms go through important changes like substantially growing AUM, merging with another firm, or diversifying into new asset classes, like adding fixed income to an equity fund, or taking on low-liquidity alternatives. Likewise, modernization programs are often needed to keep up with changes in market structure and other regulatory demands, like the SEC’s proposals on new investor communication processes, core trading changes, new position reporting demands, and the shortening of the settlement cycle to T+1.
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https://www.clearstreet.io/insights/taking-on-legacy-technology-in-the-capital-markets
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