Adopting electronic trading in fixed-income has accelerated as firms see the advantages of workflow automation, not only in improving their own efficiency but in driving the quality of their client services as well.
Previously, we’ve looked at the importance of modelling data in the trader’s decision-making process. However, the importance of clean data is not only linked to the front office operations. Taking a holistic view of the overall front to back workflow allows firms to better automate key business processes for the electronic age.
Put simply, when the bottleneck was a manual or semi-automatic front office, the inefficiencies in post-trade remained hidden. On top of this, firms are missing a trick in terms of modelling, aggregating and enriching post-trade executions across different client types and venues.
Today’s low code technology can automate these business processes and blur the distinction between front, middle and back. Resulting in a fully automated exception-based workflow that bridges different standards through data-driven validation. Ensuring any potential breakages are fixed before they become real problems. It isn’t just about smoothing the STP journey, the holistic approach also means that post-trade becomes an important part of overall client and execution outcomes.