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Enterprises are under tremendous pressure to get the high return-on-investment often seen from fast, smart analytics. But these powerful modern analytical projects require access to all data across the enterprise, and even from partners, third parties, and clouds or cloud-analytic applications. While robust and reliable, legacy mainframe systems run up against limitations around data access and…
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In a previous post, I described the importance of a financial trade order management system (OMS) and how to accelerate the data-intensive pre-trade validation process. In this post, I will show how GridGain provides similar benefits for the post-trade reconciliation process.What is Post-Trade ReconciliationPost-trade reconciliation occurs after trading hours, when financial institutions have…
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Securities trading is one of the foundations of the global financial system, having significant impacts on liquidity, economic growth, and risk management. In turn, financial services firms must be able to execute trades instantly because delays of even a few milliseconds can result in lost opportunities for clients. Today, many firms still experience significant trade processing lag when…