Are You Overpaying for Post-Trade Platform?
In the evolving landscape of financial services, UK wealth managers, institutional brokers, retail brokers, and asset managers are under more pressure than ever to reduce operational costs while maintaining regulatory compliance and client satisfaction. Yet many continue to rely on outdated, legacy post-trade systems that are inflexible, costly to maintain, and poorly suited to today’s digital demands.
The truth? Legacy post-trade systems are silently draining profitability.
The Hidden Cost of Legacy Systems
- High Maintenance Overheads: Legacy platforms often require expensive on-premise infrastructure and specialist support teams to keep them running.
- Manual Intervention: Limited automation means your teams spend valuable hours on reconciliations, confirmations, and data transfers that should be seamless.
- Poor Integration: Older systems struggle to connect with modern front-office tools, client portals, or regulatory tech, resulting in data silos and duplication.
- Compliance Risks: In a post-Brexit regulatory landscape, agility is crucial. Legacy systems make it difficult to adapt quickly to new mandates from the FCA or global regulations like MiFID II and EMIR.
- Lack of Innovation: Vendors maintaining older software often underinvest in updates or enhancements, leaving users behind the curve in terms of digital experience and reporting capabilities.
Why Are UK Firms Still Paying More Than They Should?
The post-trade environment has long been plagued by inertia. The complexity of migrating away from entrenched systems discourages change, especially when firms have already sunk years (and budgets) into legacy infrastructure.
But the reality is, continuing with outdated systems is more expensive than transforming them. Especially now, as client expectations rise and technology costs fall.
Related post: Automating Post Trade Settlement Process with RPA
Contemi NOVA: The Smarter, Leaner Post-Trade Solution
Contemi’s NOVA platform offers a modern alternative to high-cost legacy systems, designed specifically for today’s operational challenges in wealth and investment management.
Here’s how NOVA helps UK firms cut costs and streamline operations:
- Modular Architecture: Choose only the components you need — from trade capture and matching to settlement, reconciliation, and reporting — and integrate them with existing systems or use as a complete end-to-end solution.
- Cloud-Native & Scalable: Reduce infrastructure overhead and scale effortlessly as your business grows or changes.
- Real-Time Processing: Achieve faster trade confirmations, settlements, and exception management with real-time workflows.
- Seamless Integration: Nova connects easily to OMS, custodians, clearing houses, and regulatory platforms, breaking down silos and improving straight-through processing.
- Regulatory Readiness: Stay compliant with FCA rules and international standards through built-in, continuously updated regulatory support.
- Lower Total Cost of Ownership: With lower maintenance fees, flexible deployment, and faster onboarding, Nova delivers measurable cost savings.
Related post: Understanding Technical Debt in Post-Trade Technology
Don’t Let Your Post-Trade Infrastructure Hold You Back
Firms across the UK are already rethinking their approach to post-trade. Those that embrace agile, cloud-first platforms are not only saving on cost — they’re gaining the operational flexibility needed to thrive in an increasingly competitive market.
Isn’t it time to stop overpaying for outdated post-trade software?
Switch to Contemi NOVA — and future-proof your operations with a smarter, leaner, and more adaptive solution.
Write to us at info@contemi.com to book a demo.
Gaurav Mehta
Chief Commercial Officer
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