Commerzbank has completed the migration of its FX, FX derivatives, equities and commodities activity to Murex’s MX.3 platform.
This streamlines trading and risk for the firm, Murex explained, simplifying its models and facilitating business expansion, consolidation, modernisation and digitalisation projects both now and in the future.
The firms collaborated with consultancy firm TeamTek, a Bountea and Accolite company, which tested automation implementations and delivered the completed end-to-end equity migration project. Infosys, a digital services and consultancy firm, allowed Commerzbank to access a comprehensive suite of services on the MX.3 platform.
Sebastian Kauck, CIO for corporate clients at Commerzbank, said: “Throughout this project, the collaboration of our internal teams with Murex, TeamTek and Infosys has always been an integral part of its success. The new setup enables Commerzbank to significantly enhance process efficiency and simultaneously reduce costs. Additionally, it lays the foundation for future business growth as we can more swiftly adapt to market changes.”
Luc Testud, managing director for central Europe at Murex, added: This creates the opportunity for future expansion through an integrated cross-asset platform, accelerating time to market to innovate and enabling further steps of digitalisation.”
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