Why microservices?

Asset managers are realizing the need for their trading platforms to keep pace with client expectations, and with the relentless pace of regulatory and compliance requirements, quite apart from their own desire for innovation to improve efficiency and gain a competitive edge.

As a result, almost every asset management firm is reviewing their technology, and many have embarked on significant overhauls or replacements. Even with the best laid plans, though, this can be much more challenging than expected. The effort involved to switch platforms is far larger than many people realize. Even if all the workflows line up correctly (which they probably will not if the objective is to achieve improvements) just plugging in all the connections to other systems in the firm and to liquidity sources and settlement systems is a vast undertaking. We have seen relatively simple projects take 5 years or more and still not be 100% complete. This is not the efficiency gain the client had in mind when they started!

FICCit will provide a range of innovative microservices to break down the functionality or workflow required into the smallest possible components and will deliver them as open and individual services that can be added to existing platforms, or run alongside them, to deliver small yet valuable incremental functionality without severe disruption. In conjunction with our consulting services, these can be highly bespoke tools built for an individual firm exclusively, or at lower cost, they could be generic tools that can be deployed across the industry.

In addition, FICCit develops and incubates businesses to support and accelerate the required industry architectural changes for the electronic trading world. Current projects under way are in Technical Onboarding, Allocations processing, Fixed Income trading, Listed Derivatives operations and in specific areas of the Crypto world to deliver institutional quality services.