The middle office was once tasked solely with processing front office data. Not anymore. Today middle office teams are not only expected to feed into execution and settlement processes.
We all know the average middle office is inundated with vast amounts of data. But in today’s competitive market, simply processing large volumes is not enough anymore.
Effective management of massive quantities of data pose a significant challenge to asset management firms. Yet given the right tools, middle offices can add real value to their organizations.
The asset management industry is under intense pressure to handle more data, more often, and with complete transparency.
The middle office will remain fundamental to the effective operation of asset management businesses but it will also face fundamental challenges.
For asset managers the need to keep up with overnight transaction processing and complex data volumes is ever present.
StatPro recently exhibited and presented as a gold level sponsor at this year’s TSAM Europe congress on 17th March 2015 at Lancaster hotel in London.