Macquarie Group’s Commodities and Global Markets Group (CGM) has selected Adenza’s cloud services as a platform for its equity derivatives and trading business.
Adenza’s CapCloud is designed to improve agility, time-to-market for new products rollout, and updates while managing settlement systems.
The platform provides control over non-production environments, flexibility to build and maintain custom code natively within the software-as-a-service environment, as well as access to Adenza’s global resources, the firm says.
Adenza’s Calypso currently supports CGM’s equity derivatives and trading business with its trade capture and post-trade processing services.
As part of the agreement, CGM’s current Calypso functionality will be migrated to Adenza’s CapCloud, providing the business with a trade capture and post-trade processing platform.
Macquarie Group’s CGM unit provides an integrated offering to clients across global markets including equities, fixed income, foreign exchange and commodities.
Commenting on the announcement, Mili Porumbel, CGM’s global head of equity derivatives and trading post-trade technology, says: “This move is part of our cloud-first strategy to enhance the speed and flexibility of our platform, and the outcomes for clients.”
Strath Lanyon, global head of cloud services at Adenza, adds: “As well as the CapCloud platform, the business will have access to CapCloud’s SaaS rebase service, and the ability to use our expertise to drive upgrade and rebase projects, as well as adopt a proven test automation framework to ensure the platform is continuously updated to enable future consolidation and speed up time-to-market for new initiatives.”
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