There have been projections that 50% of the world's data will be in the public cloud by 2025.
An estimated 80% of asset managers' technology budgets goes toward just 'keeping the lights on'.
Almost half of buy-side firms use their OMS solution remotely via SaaS or cloud-native services.
The alternative investments industry has been marked by highly cumbersome manual processes.
Technology has not kept pace as the buy side has grown to manage many trillions of dollars.
Users can manage cloud storage of client-specific liquidity streams and monitor rates across FX products.
Broker-dealers use RFX to identify and efficiently aggregate liquidity across multiple bids.
The new business line is expected to generate €150m in revenues within five years.
Only 2% currently operate their FX technology completely in the cloud.
