Murex Upgrade​​

First Derivative was engaged as System Integrator and instrumental in the on-time delivery of a substantial MX.3 upgrade for the US Branch of a European Bank. Our client was undergoing a critical regulatory change programme. Moving to an up-to-date version of Murex was key to the success of the programme.

• Partnered with Murex, who were responsible for scoping & design, to provide integration, environment management, end-to-end testing and QA.
• Front to back integration connecting MX.3 to upstream trading venues, market data platforms and downstream accounting, payments, risk, liquidity & regulatory reporting systems.
• Worked with our client to ensure functionality was configured to their needs and to enable adoption of new, industry standard, business processes.

• Compliance: Reg reporting future-proofed to meet incoming requirements
• Lower Cost: Nearshore test team enabled the client to meet budget challenge
• Automation: Tooling developed to enable repeatable & accurate data migrations