Forefront Communications

Tabb Forum: Cloud-Based OEMS Provides Easier Upgrades and Competitive Advantage

Old Mission

Amanda Perrucci

Amanda Perrucci

Cloud-based systems and applications leave most of the constraints of the old physical computing world behind, delivering more flexible, responsive, and scalable functionality with significantly lower costs. But another important benefit is how much safer, smoother, and easier the cloud makes the upgrade process, helping the buy side get out from under the complexity problems of legacy order and execution management systems. Oren Blonstein, Managing Director and head of product management for TORA, weighs in on the power of cloud computing in the financial services sector.

It’s a great time to be in the financial services sector. The rapid pace of change makes almost anything seem possible. New products and technologies are popping up faster than ever, and radically different ways of doing business are being seriously considered instead of dismissed out of hand.

Much of this innovation has been unleashed by cloud computing. Cloud-based systems and applications leave most of the constraints of the old physical computing world behind. That’s how they deliver major benefits, including more flexible, responsive, and scalable functionality delivered with significantly lower costs.

But beyond the obvious benefits, the cloud offers other advantages that further strengthen its business case. An important one is how much safer, smoother, and easier it makes the upgrade process.

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