As the FX market continues to flourish – bringing increasing volumes and higher customer expectations – FX operations groups continue to be pressured to find further strategies to lower operational costs while managing squeezed margins and meeting regulatory compliance.

While many firms have invested in front office platforms to accommodate higher volumes of trades, there has been a general lack of investment in middle and back office technology and operational processing. The result has often seen a reliance on legacy systems that are not scalable and prone to manual intervention, and therefore increased trade failures.

With uptake of the managed services business model a growing trend across the banking and capital markets industry, is it time for FX-trading organisations to consider pooling resources and technology? Could this model achieve the sought-after economies of scale and the mutualisation of standards, data and process, as well as provide readiness for new disruptive technologies, such as distributed ledger, as they emerge?

This white paper, FX Operations: The Next Frontier for Mutualisation, written by GFT in association with Broadridge, explores whether an outsourcing model is the next strategic step to achieving standardised processing efficiency, scale flexibility and a means to significantly reducing operational costs.

Broadridge Financial Solutions recently engaged CEB, a best practice insight and technology company, to survey senior executives at wealth management firms regarding the evolution toward an advice-first business strategy. That survey produced key findings:

• We have reached the tipping point where wealth management firms are leading with advice and no longer focusing on product in delivering recommendations to clients.
• Overall, executives are concerned with technology rather than on business process in achieving their new strategy.
• Firms believe they have much of the technology in place, but need help either maximizing capabilities or re-thinking how existing functionality applies to an advisory strategy.

Learn what wealth management firms need to know to drive towards realizing a new advice strategy. Grow the value of the customer experience, increase the productivity of advisors, and empower growth.

Don’t miss the transformation. Download our new white papertoday.

Broadridge Financial Solutions recently engaged CEB, a best practice insight and technology company, to survey senior executives at wealth management firms regarding the evolution toward an advice-first business strategy. That survey produced key findings:

• We have reached the tipping point where wealth management firms are leading with advice and no longer focusing on product in delivering recommendations to clients.
• Overall, executives are concerned with technology rather than on business process in achieving their new strategy.
• Firms believe they have much of the technology in place, but need help either maximizing capabilities or re-thinking how existing functionality applies to an advisory strategy.

Learn what wealth management firms need to know to drive towards realizing a new advice strategy. Grow the value of the customer experience, increase the productivity of advisors, and empower growth.

Don’t miss the transformation. Download our new white papertoday.

Broadridge Financial Solutions recently engaged CEB, a best practice insight and technology company, to survey senior executives at wealth management firms regarding the evolution toward an advice-first business strategy. That survey produced key findings:

• We have reached the tipping point where wealth management firms are leading with advice and no longer focusing on product in delivering recommendations to clients.
• Overall, executives are concerned with technology rather than on business process in achieving their new strategy.
• Firms believe they have much of the technology in place, but need help either maximizing capabilities or re-thinking how existing functionality applies to an advisory strategy.

Learn what wealth management firms need to know to drive towards realizing a new advice strategy. Grow the value of the customer experience, increase the productivity of advisors, and empower growth.

Don’t miss the transformation. Download our new white papertoday.

Broadridge Financial Solutions recently engaged CEB, a best practice insight and technology company, to survey senior executives at wealth management firms regarding the evolution toward an advice-first business strategy. That survey produced key findings:

• We have reached the tipping point where wealth management firms are leading with advice and no longer focusing on product in delivering recommendations to clients.
• Overall, executives are concerned with technology rather than on business process in achieving their new strategy.
• Firms believe they have much of the technology in place, but need help either maximizing capabilities or re-thinking how existing functionality applies to an advisory strategy.

Learn what wealth management firms need to know to drive towards realizing a new advice strategy. Grow the value of the customer experience, increase the productivity of advisors, and empower growth.

Don’t miss the transformation. Download our new white papertoday.