Consolidating Commerzbank's Trading Systems for Optimal Performance
Bounteous x Accolite played a pivotal role in test automation to final delivery, enabling Commerzbank to fully consolidate its FX, FX derivatives, equities, and commodities onto a unified trading platform that enhances efficiency across its business and IT processes.
- Cloud Enablement & Foundations
- Cloud Migration and Transformation
- Cloud Modernization
- Systems & Network Modernization
- Platform Integration & Optimization
- Technology Strategy & Advisory
- Digital Transformation Strategy
- Business Process Automation & Transformation
Business Issue
Commerzbank sought to consolidate their equity instances and migrate from Murex to Murex & Commodities. Prior to our engagement, they had a 3-year vendor relationship with other incumbents that failed to meet their demands. We successfully secured the global RFP and took full ownership of the Murex Equities Migration project. Adopting a risk-sharing approach, we mobilized 25 Murex SMEs to ensure we met the schedule commitments made to businesses worldwide.
Solution
Bounteous x Accolite collaborated with Commerzbank, a leading German bank, and Murex, on a successful large-scale go-live of a consolidated, unified trading platform that streamlines the bank’s business processes and IT landscape.
- We hand-picked and mobilized a complementary and balanced team in collaboration with the client, combining internal Commerzbank employees with our multi-skilled SMEs.
- The team was split between Onshore and Offshore resources to fit the client’s budget without reducing the quality of the delivery.
- We scaled the team up and down depending on the client budget and based on different project stages to keep lower TCO.
- Our experts assisted the bank with the FX Murex instance upgrade by implementing CI-CD and Testing Automation solutions.
- We further supported the Commodities Migration project with key experts (Capacity 20+ Murex SMEs mobilized under 4 weeks).
Outcomes
- Full consolidation of all Murex instances into a single system.
- Oversaw the complete end-to-end delivery of the equity migration project, including testing automation implementations.
- Cost savings resulting from the shutdown of the final legacy Murex instance (COM and EQD).
- Reduction of IT costs in the UK and centralization of operations in Germany.
- Laid the groundwork for further technological innovation with Postgres, Delphix, and DevOps.
- Enabled business growth in Commodities.
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