Automation is one of the conference sessions at Sibos this year. The traditional mantra has been automation is best, but this has changed somewhat.
Should all trades that can be automated always just go out the door without manual review? Probably not.
Market turmoil means investment and asset managers need take back control with the manual review of high risk trades.
Within the automation infrastructure there needs to be rules and configurability that allow issues that require human intervention and the ability to understand risk.
Now, rather than allow any and all €1bn trades out the door, managers must investigate the criteria behind the trade - who they are trading with e.g. Greece or Goldmans? what's the instrument type or currency? After all, just because a trade can go out the
door, doesn't mean it should.