Commerzbank Migrates to Murex

Murex says that Commerzbank has completed a strategic migration and simplification of its global FX, FX derivatives, equities and commodities activity, streamlining trading and risk in the firm’s MX.3 platform.

Murex worked with TeamTek and Infosys and says the migration achieves model simplification and “furthers business expansion, consolidation, modernisation, and digitalisation, now and in the future”.

TeamTek played a “significant” role in the migration program, from the testing automation implementations to the full end-to-end delivery of the equity migration project, while Infosys made a suite of services on MX.3 available to Commerzbank. It carried out development, integration, testing and migration activities alongside go-live and aftercare support.

“The successful platform consolidation is a major achievement,” says Sebastian Kauck, Commerzbank’s CIO for corporate clients. “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, Murex managing director, Central Europem adds, “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.”