Research report · In association with Acuiti

Riding the coming modernisation wave: Front-office technology investment in a fast-moving world

Research report · In association with Acuiti

Riding the coming modernisation wave: Front-office technology investment in a fast-moving world

 

New research from Acuiti and Adaptive explores how sell-side firms and trading venues are modernising front-office technology amid rapid market change, legacy complexity and rising investment needs.

Markets and technology are changing quickly. For firms investing in front-office systems, the challenge is to keep pace while managing cost, migration risk, and the need for resilience.

In this report, Acuiti and Adaptive examine how sell-side firms and trading venues are approaching that challenge. The findings show that investment is set to rise, but many firms are still working through legacy systems and uncertainty about what comes next.

New research from Acuiti and Adaptive explores how sell-side firms and trading venues are modernising front-office technology amid rapid market change, legacy complexity and rising investment needs.

 

Markets and technology are changing quickly. For firms investing in front-office systems, the challenge is to keep pace while managing cost, migration risk, and the need for resilience.

In this report, Acuiti and Adaptive examine how sell-side firms and trading venues are approaching that challenge. The findings show that investment is set to rise, but many firms are still working through legacy systems and uncertainty about what comes next.

Download the research report
Cover - Acuiti research report - Riding the modernisation wave - Adaptive 2026
Key findings
89%

say the pace of market and technology change is creating uncertainty in front-office investment decisions.

87%

expect front-office technology investment to increase over the next five years, and 33% expect a significant increase.

15%

describe their front-office technology as advanced.

60%

identify legacy migration complexity as a significant challenge to their initiatives.

About the report

The report explores legacy modernization, AI and cloud adoption, investment priorities, build-versus-buy approaches, and how firms are preparing their technology stacks for future market needs.

It brings together perspectives from sell-side firms, traditional exchanges, and digital asset venues.

39
firms surveyed at executive level
5
in-depth interviews with senior executives
Key findings
89%

say the pace of market and technology change is creating uncertainty in front-office investment decisions.

87%

expect front-office technology investment to increase over the next five years, and 33% expect a significant increase.

15%

describe their front-office technology as advanced.

60%

identify legacy migration complexity as a significant challenge to their initiatives.

About the report

The report explores legacy modernization, AI and cloud adoption, investment priorities, build-versus-buy approaches, and how firms are preparing their technology stacks for future market needs.

It brings together perspectives from sell-side firms, traditional exchanges, and digital asset venues.

39
firms surveyed at executive level
5
in-depth interviews with senior executives