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In layman’s phrases, an API is a set of routines or procedures that enable applications or software to speak with one another and allow knowledge to circulation seamlessly between them. And people key words, knowledgeâ€ and methodsâ€, mark the entry level for our industry. Already, we are seeing APIs spark change in monetary markets and banking in the US, Europe, East Africa and Asia, however we are able to expect their use to continue accelerating, particularly in post-trade processing, in the years forward in response to a number of drivers.
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