Consolidating Multi-asset Trading Platforms Using Murex for a Tier-1 Bank
A leading Tier-1 bank desired to consolidate its trading platforms onto a single, third-party system. The aim was to rationalize the IT systems and reduce the trading mandate of complex, illiquid trades onto a client flow-driven business model across its FX, rates, and credit businesses. But 18 months into the project, no demonstrable benefits had been realized and no business desk had been migrated. The client needed to rethink the effort and demonstrate timely deliverables for business benefits
Citihub Digital (a Synechron company) was engaged to assist with the delivery of immediate replatforming objectives, as well as build out a robust governance and quality assurance model.
Citihub (a Synechron company) delivered the following:
- Handling the immediate Go Live migration onto the new platform for the UK Rates desks
- Defining project milestones across the workstreams; tracking with the system integrator, vendor (Murex), and the client
- Coordinating the up & downstream “Front to Back” system dependencies, including the overall “Go/No-Go” coordination with senior bank-wide stakeholders
- Simultaneously establishing a new program governance model, and defining program quality tollgates and templates in line with the client’s evolving software development lifecycle
- Enabling an automation and tooling stream that reduced the reliance on manual processes previously carried out by the system integrator
A global team with a laser focus
Matt Gall
Partner, Citihub Digital (a Synechron company)
London, UK
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