Cloud and APIs begin to (slowly) permeate the post-trade space

As financial firms turn their attention toward modernizing the back office, how they approach these projects comes under new scrutiny.

Front-office trading platforms are increasingly getting cloud makeovers. The same is true for risk systems sitting in the middle office. The next frontier for cloud evolution would logically be post-trade and the back office. But the back office is an area that is notoriously underfunded and contains a hodgepodge of legacy systems that connect to myriad different applications—whether that’s data coming into the firm, or data moving from the front and middle offices into the back office, and vice

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