This project began just under two years ago with the aim of replacing MXG2000 with MX.3, utilising the Murex FEM (Fast Evolutive Migration) methodology to ensure a smooth transition and minimise business impact.
Excelian assisted the client during scoping workshops by sharing their proficiency in FEM migration projects and provided a team of ten consultants to work directly with the client's on-site team in their London offices. The team provided expert knowledge on MX.3 while simultaneously supporting the existing MXG2000 software.
The project was delivered on time and the client is now able to take advantage of the advancements in functionality and improved system performance available with the latest version of MX.3. New features include improved operational workflows and an innovative server-based portfolio management function, which allows the client to simulate large amounts of transactions and positions in real time with significant performance benefit.
After a very successful go-live, Murex Project Manager Fahri Seker, commented:
“Despite a complex scope, the project was a great success. It covered the migration of several million legacy trades across a wide range of asset classes and required extensive Front Office and post trade configuration all while supporting a global 24hr business model across different regions. What’s more, it has been delivered in the initially defined timeframe. We simply wouldn’t have been able to achieve this without the hard work, dedication and technical capability of each individual involved and the close partnership between the Client, Excelian and Murex. “
The Client Programme Manager added:
“We made the right choice in selecting Excelian as our integration partner. They provided the right resources at the right time to work with us through the project and deliver on time.”