Identifying the Hidden Costs of Legacy Systems in Financial Firms

Staying competitive requires not only a well-thought-out strategy but also efficiency in its execution. This is even more needed in today’s ever-changing capital markets. Many financial firms find it difficult to keep up with the pace. Very often, the reason is their outdated legacy systems. In a different era of trading and investment, the design of those systems was appropriate. They might still perform their basic functions, but also carry hidden costs that can impact a firm’s bottom line.

This article explores the hidden costs of legacy systems in financial firms. It focuses on trading and investment. Also, we will explore why modernisation is essential for future success.