If it ain’t broke, break it: Back-office tech reform may benefit front-office returns
Better data visibility across multiple systems could provide a driver for technological change in the world of post-trade.
If the post-trade world has a mantra, it would be, “If it ain’t broke, don’t fix it.” If the data is flowing, trades are settling smoothly, payments are going to the right place, clients are getting the right reports and settlement notifications, then don’t mess with it. Don’t introduce any more complexity. Don’t roll out anything new that might interfere with processes that are running fine.
Behemoth back-office infrastructures are highly fragile and sensitive to change. The “If it ain’t broke
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