Where firms have attempted to automate processes, they have so far tended to do so in isolation – for example by instrument type or legal entity – creating operational silos and failing to cover the full lifecycle of the contract. With increased instrument complexity, fluctuating volumes and confirmation backlogs continuing to rise, the buy-side clearly needs to consolidate and centralise middle and backoffice activities across asset classes for confirmation, risk management, pricing, valuation and settlement.
Alongside the market pressures, regulatory scrutiny will also force firms to change for the better.
This white paper examines the ongoing challenges in post-trade processing, the technology and process foundations needed to deliver.