System and process fragmentation in legacy technical architecture remains a common challenge to modernization efforts throughout the capital markets. Most trading, post-trade, and clearing and settlement technologies are over a decade old. Evolving regulations, risks, and areas of competition are all pointing toward the need for mass migration to modular technical architectures.
Goals and Objectives
In instances where outright replacement of legacy systems is not an option, prioritize known available efficiency gains or material addressable risks and establish a phased migration to a microservices architecture emphasizing scalability and security.
Cloud, data analytics, and microservices
Use Case Summary
Reusable, stateless modular technical architectures facilitate ease of understanding and scale within the systems that underlie complex capital markets. Migration to these architectures is expected as legacy systems and processes fail to accurately capture and execute required tasks.