Pre-empting Rigidities in Capital Markets

Information Systems

The current structure of IT Systems lies at the heart of many of the largest issues faced by Financial Services firms today. Typically these systems have evolved over time to meet short term focused, tactical needs. This organic evolution is often interrupted by M&A, which usually leave 'deep scars' in the IT systems landscape and brings together systems of different genesis.

This paper describes 'The Silo Effect' - whereby applications meet the functional requirements of their primary users but present problems to the wider business when it comes to management and control functions, such as consistent, accurate, and timely cross-asset risk and profitability reporting on a global scale. It then examines the introduction of SOA in the Capital Markets, and its failure to deliver increased business and technical interoperability. Finally, it identifies a “hidden dimension”, which when combined with SOA, eliminates silos from Capital Markets IT systems landscape.

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