The capital markets play a vital role in the global economy, mobilizing and channeling capital into productive investments for the development of commerce and industry. It is home to a vast ecosystem of participants, who operate technical workflows that are far too complex and proprietary. The workflows are made complex and costly by a legacy of proprietary, non-standard systems, interfaces, symbology, and data models. This proprietary and non-standard legacy inhibits organizations from moving to the multi-tier cloud, modern enterprise architecture, and commercial models. “What is the way out?”
Established to mitigate these critical challenges in capital markets is New York-London and Chicago based Pegasus Enterprise Solutions. By providing an open, fit-for-purpose enterprise operating system, that is comprised of the MarketsIO API suite, MarketsIO Platform, MarketsIO Identity and Control (entitlements) and MarketsIO Direct (data and liquidity gateways) that spans both data and liquidity workflows, the firm eliminates the constraints that accompany these proprietary solutions and “old school” systems. “Our first-of-its-kind open enterprise fabric provides an open operating system for capital markets and enables enterprises to operate in an open ecosystem to unlock value, free workflow, bring in flexibility, reduce cost, and spur innovation,” says Terry Roche, Co-Founder, and CEO of Pegasus Enterprise Solutions.
Delving deep into capital market enterprises’ ecosystem, it is evident that existing, decades-old workflows can’t be transformed overnight. Pegasus Enterprise Solutions thus assists enterprises tap the full potential of their existing platforms by offering them operational independence, ease of use and lower cost of ownership. The firm abstracts on top of those large-scale systems in the capital market and delivers an API suite that can be easily integrated into existing platform architecture. Once the API is integrated, platform switching is made easy through a simple configuration change.
Pegasus Enterprise Solutions has a customer-centric approach in their corporate DNA. This coupled with significant experience in large-scale, high-performance platforms that span global data and liquidity aggregation and distribution along with pragmatic, real-world abstraction and standardization tools enables the firm to closely partner with capital markets to build an open ecosystem of collaboration.
Backed by the Pegasus solutionsuite, itscustomer-first approach, and industry expertise, the company garners a broader customer base, allowing capital market entities to glean the benefits of its innovation. The firm’s recent engagement with a client constrained by a legacy API suite, exemplifies Pegasus’ value proposition. The customer faced difficulties with their existing inefficient, legacy, proprietary APIs. Pegasus Enterprise Solutions is enabling the client to gain independence, recover application development support and integration overheads and helping them create rich consumers and publishers in a considerably shorter time compared to their legacy systems that took several months. The firm’s API enables the client to achieve a faster time-to-market for new initiatives, more productivity, and independence to use their platforms for workflow.
With a nimble start by leveraging the industry expertise of the founders, Pegasus Enterprise Solutions possesses the potential to help capital market enterprises operate dynamically under their own control. Roche dubs this as the key to a future open digital world within capital markets. They are building toward spanning the multi-tier cloud, which span from client’s on-premise location to a proximity/partner bare metalcloud locations, enabling deterministic real-time workflows, and onto the private and public virtualized cloud environments to deliver a fit for purpose enterprise fabric to serve capital markets. “We are on a drive to deliver an open, standard and dynamic ecosystem of enterprise interaction to the benefit of all,” concludes Roche.