Commerzbank has moved to simplify and streamline its cross-asset trading with a migration onto Murex’s MX.3 platform.
The bank has migrated its foreign exchange, commodities, derivatives, and equities onto the platform in a bid to simplify risk and trading.
Now completed, the pair said the migration would help Commerzbank achieve business “expansion, consolidation, modernisation, and digitalisation” by improving speed to market and optimising efficiencies.
TeamTek and Infosys assisted in the migration.
“The successful platform consolidation is a major achievement,” said 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.”
Commerzbank confirmed it is set to continue to leverage Murex’s platform for future growth and strategic initiatives.