Excelian Completes Major Murex Upgrade for Tier 1 Investment Bank

London - 1 November 2011

Excelian is pleased to announce the successful completion of a landmark fixed price, FX Options Murex upgrade for a major London-based client.

The client’s options book is one of the largest across Europe and the Asia-Pacific region, with volumes of up to 25,000 trades per day. Excelian, the world’s largest independent Murex practice, was selected to move all of the clients FX Options trading activity for front and middle offices from MxG2000 v2.10, which hadn’t been upgraded since 2005, to MxG2000 v2.11.45.

In addition to the huge daily trade volumes, the scale of this project was vast. There were over 300 users across 40 countries, 2300 M-Reports, 15 proprietary models using Flex libraries and over 20 upstream and downstream interfaces to core systems. The 2000 man day project also included the testing of 10 MX binaries, a hardware upgrade from Sparc to x86 machines, the development of a unique upgrade automation tool. In addition, Smart, Excelian’s own specialist automated testing technology, was used for trade insertion, GUI testing and reconciliation.

Project Manager Anthony Hammond commented:
“The sheer size of the 2.10 to 2.11 upgrade required a large, dedicated team for the best part of a year. By choosing Excelian as partners, our clients were able quickly to install a team of Murex experts who hit the ground running and knew the pitfalls to watch out for. But successful delivery depended not only on our technical skills; it also relied on our ability to integrate our staff professionally with the client team, working with them to draw on organisational knowledge accumulated over many years. It’s an achievement we can all be proud of.”

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