COVID-19 Challenge
Global markets are experiencing extreme spikes in volume
Global markets have experienced a major spike in trading volumes because of the COVID-19 pandemic. For example, the S&P 500 has seen an average daily volume increase of around 300% over the prior month, with some extreme volume days approaching upwards of a 600% increase in volume. This surge in trading volume has increased the burden on operations teams to support the trading activity of their customers.
Solution
An UiPath Financial Services client has been able to address the increased demand placed on their operations by leveraging automations placed into production prior to the pandemic. For those areas that have seen the greatest spike in activity—particularly trade allocations and reconciliations—additional robot capacity has been able to be deployed to guarantee continued efficiency during spike periods.
