Commerzbank completes FX, FX derivatives, equities and commodities migration to Murex platform
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Commerzbank completes FX, FX derivatives, equities and commodities migration to Murex platform 28 May 2024 Germany Reporter: Klea Neza
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Commerzbank has completed a strategic migration and simplification of its global FX, FX derivatives, equities and commodities activity, streamlining trading and risk in Murex’s integrated MX.3 platform.
TeamTek and Infosys have also supported Commerzbank on this journey, which aimed to achieve model simplification and further business expansion.
TeamTek has played a notable role in the migration programme, from the testing automation implementations to the full end-to-end delivery of the equity migration project.
Sebastian Kauck, CIO for corporate clients at Commerzbank, comments: “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 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, Central Europe, at Murex, says: “Murex is proud to support Commerzbank in this model simplification journey. 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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