Post-trade Legacy Systems: Don’t Throw the Baby out with the Bathwater (New Tech Can Help)

DerivSource's Living The Trade Lifecycle

Legacy systems often get a bad rap, but are the newer technologies such as AI, DLT really the answer to all of your post-trade processing woes? In this episode of the DerivSource’s podcast, Living the Trade Lifecycle, Torstone Technology’s CEO, Brian Collings, sheds light on the practical strategies financial organisations can consider when making significant improvements to their operational processing without ‘throwing the baby out with the bathwater.’
Tune in to hear his views on how changes to the middle office can extend the life of legacy systems, the role APIs play in establishing a flexible and agile post-trade operation, and the changes needed so post-trade operations can support new market needs such as digital assets and crypto currencies.
Related Reading and Resources:

Bringing the Middle Office into the Real-Time, Digital Age
Future-proofing Post-Trade: How to Get the Middle and Back Office Talking
About Torstone Technology:

Torstone Technology is a leading global SaaS platform for post-trade securities and derivatives processing technology. Our post-trade platform was originally built by and for a global investment bank. At the core of its design is the ability to flex to new requirements: to be fast, flexible and future proof. Using the Torstone Platform, you can manage the entire cross-asset post-trade workflow, from trade capture and confirmation through to reconciliation, all in a single, integrated platform. This helps you reduce costs, achieve greater control, minimise risk, and drive operational efficiency.
Torstone puts many decades of investment banking expertise together with in-depth global financial market and technology industry knowledge to offer agile, secure, scalable, and cost-effective solutions. Using our fully integrated cloud-based technology means you spend less time on manual processing and maintaining regulatory compliance, and more time with your customers.
We are a fast-growing company headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo. For more information, please visit the website.

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章节

1. Post-trade Legacy Systems: Don’t Throw the Baby out with the Bathwater (New Tech Can Help) (00:00:00)

2. Introductions - Brian Collings, ceo, Torstone Technology (00:01:39)

3. Why do legacy systems in post-trade processing always get the blame? (00:03:04)

4. What is the value of legacy systems and business case for keeping them in tact? (00:04:46)

5. How to make improvements to post-trade operations while keeping legacy systems intact? (00:08:20)

6. What is the role of technology in the legacy systems saving strategy? (00:10:05)

7. What about APIs and no-code? How do they add value? (00:14:22)

8. How has best of breed changed? (00:16:02)

9. Pros and cons of use of "newer tech," such as AI, in the post-trade space (00:18:26)

10. How can improvements be made to post-trade operations be made to support digital assets? (00:20:52)

11. 2023 - what are the new drivers that will push firms to invest in middle and back office operations? (00:22:21)

12. Concluding remarks, thank you and show notes (00:23:10)