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No-Code API Orchestration: Introduction

Traditional APIs are generally built on a multi-call model that necessitates separate API calls for various tasks. One of the design patterns of modern, restful APIs is “staleness”, establishing that a call to an API is required to provide all the necessary information for that call. In a capital markets setting , many API calls might be required for trading, risk management, or market analysis. Each of these calls must be set up with its unique parameters and returns data that is isolated, making API aggregation a manual and time-consuming task. In these scenarios, API orchestration is key.

This is where Everysk’s advanced API framework comes in, offering a paradigm shift through API orchestration and the inclusion of batch API capabilities. Specifically intended for comprehensive portfolio calculations, Everysk’s API features specialized endpoints for portfolio risk evaluations and for managing automated sequences. The orchestration allows for a series of tasks to be performed through a single, unified API call, thereby streamlining the data interactions and analytics services.

The traditional way to manage a portfolio involves making distinct, isolated API calls to, say, retrieve portfolio data, calculate its risk, and then store these results. This not only requires deep financial acumen but also necessitates coding expertise for effective execution. Everysk addresses this by introducing a no-code/low-code interface. With this interface, users can create their own tailored API endpoints, effectively removing the need for manual coding and developer assistance.

Everysk goes beyond single task execution by enabling batch API operations in a simplified no-code/low-code environment, encapsulating them within a single call. This leads to increased efficiency, overcoming API aggregation challenges, and minimizing operational bottlenecks in time-sensitive settings.

The Strategic Advantage of API Orchestration Over Simple API Aggregation in Capital Markets

While API aggregation offers a baseline level of utility by combining multiple services into a unified experience, it essentially remains a patchwork approach. In a sector like capital markets, where the order of operations often plays a decisive role, mere aggregation is not enough. Here’s where API orchestration brings a nuanced layer of complexity and adaptability, which is indispensable for the precise and sensitive workflows demanded by capital markets.

Consider a common sequence of operations in capital markets:

  1. Retrieve real-time market data.
  2. Adjust portfolio allocations based on this data.
  3. Calculate the risk parameters of the newly adjusted portfolio.
  4. Execute trades to actualize the new portfolio.
  5. Generate a compliance report.

With simple API aggregation, you would fetch data from multiple APIs and then stitch them together. Each of these steps might involve separate API calls, each requiring its specific parameters and manual coding. The operations are essentially siloed, even if they are bundled together later on.

API orchestration allows users to craft a complex, well-ordered workflow. Users set up a batch API call that triggers this entire sequence through a single orchestrated action. The system will follow the predetermined logical flow, ensuring that each operation only commences once its preceding steps are successfully completed. This is particularly crucial in capital markets where the chronological sequence can impact everything from compliance to profitability.

What makes Everysk’s API orchestration uniquely compelling is its no-code/low-code platform. The complexity usually associated with crafting such workflows is significantly reduced. Users simply drag-and-drop robotic functions to set up their orchestrated sequence, making it flexible to adapt to fast-changing market conditions.

Two Distinct Approaches

Here’s a simple example of how Everysk reduces API calls through orchestration.

Advanced users can assemble complex logic using our API endpoints.  For example: in order to retrieve a portfolio from her/his Everysk account, calculate the risk of this portfolio and put it into a Datastore, 3 API calls would be required and all the logic to glue them together would be done by the user. Therefore, coding skills would be required. 

However, using a workflow that is triggered by an API call opens the doors to highly customizable endpoints. 

The example above with 3 API calls (retrieve portfolio, calculate risk attribution, store results in a datastore) can be done with 2 robots that are dragged and dropped from the library, namely: portfolio retriever and datastore risk attribution: 

All that is required after dragging and dropping these 2 robots is to specify that the Starter robot should be triggered with an API call.

API Orchestration, No-Code API Orchestration for Capital Markets

The next step is to configure the ‘Starter’ robot as an API-triggerable element, thereby simplifying the process into a single API call.

To initiate this workflow, users would call the unified API endpoint through its unique identifier:

response =‘wrkf_ID’)

This approach facilitates more efficient operations. Tasks like portfolio aggregation, risk report automation, stakeholder alerts, asset reallocation, and compliance checks can be performed through a single, integrated API call.

Value Proposition for Capital Markets

Everysk’s API orchestration and no-code/low-code environment offer key benefits to capital markets:

  • Execution Time: Everysk’s single-call architecture shortens the time needed for deployment as API orchestration is accomplished via no-code/low-code tools.
  • Operational Risk: The streamlined architecture aims to reduce the possibility of errors when constructing the API.
  • Tactical Flexibility: Everysk’s system allows for a level of customization that may be more flexible compared to some traditional API models.

API Orchestration for Capital Markets: Conclusion

In the complex and time-sensitive landscape of capital markets, the right API strategy can make a significant difference. Traditional APIs, while functional, often require multiple calls for related tasks. Everysk’s approach to API orchestration addresses these gaps, offering a single-call architecture that efficiently manages complex workflows in a logical sequence. The added benefit of a no-code/low-code interface simplifies the process even further. Unlike simple API aggregation, which compiles but doesn’t coordinate data, our orchestrated batch API system provides an elegant and efficient solution for capital market professionals to streamline operations, minimize errors, and maximize efficiency. This innovation represents a significant leap forward in how we think about API usage in specialized fields like capital markets. For more information, please consult Everysk’s API documentation.

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