The importance of automating the middle office
The challenges sell-side firms have faced in 2020 and into 2021 have taught these firms some valuable lessons about the need for further digital transformation, greater control of processes and a stronger approach to operational resilience. The impact of increased volumes and volatility on trade support and operations teams has been well-covered by our earlier paper on post-trade priorities (link here), but for firms with heavily manual processes in the middle office, these challenges have caused some to re-evaluate their operational setup. Even those using middle office outsourcing arrangements are considering other options as they face more pressure from clients and regulators to improve operational controls and reduce risk.
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UPCOMING WEBINAR – REGISTER NOW!
Please join Torstone Technology for a virtual panel discussion on the findings of the report: The Importance of Automating the Middle Officeon 21st April 2021 at 3pm GMT / 10am EST. Panel members will include Virginie O’Shea, Founder of Firebrand Research, Jonny Speers, Global Head of Sales and CEO & Founder of Firebrand Research Business Development and David Pearson, Product Manager of Torstone Technology. Register here.