The National Bank of Abu Dhabi (NBAD) has installed IPC Systems’ Unigy unified trading communications platform, alongside new data recovery data centres, to improve the efficiency and business continuity of its trading architecture. The completed project was handled by local installation agents Rashed Al Makhawi Enterprises (RAME) and covers 111 positions across NBAD’s two trading front-end offices in Abu Dhabi and Dubai in the United Arab Emirates (UAE).
Unigy is IPC's unified trading turrent communications and applications platform. Its open standards and service oriented architecture (SOA) should help streamline trading workflows at NBAD and enable customised apps. The bank also expects to reduce operational risks and total cost of ownership (TCO) as it is being rolled out with two back room data centres, including one specifically designated for data recovery, and a third ‘fail safe’ data centre which it is hoped will never be needed.
"We are excited to implement Unigy within our infrastructure to realise the business advantages provided by the scalable hardware and centralised management solutions," said Robert Smith, deputy general manager of the Global Financial Markets and GM Trading and Investments floor at NBAD. "The migration from our old system was smooth, and the domestic installation and service support will help us expand our presence within our markets."
According to his colleague Jamal Abboud, head of business services and IT at NBAD, the installation assistance of RAME has been particularly appreciated and was crucial in awarding the contract to IPC. “Their approach and detailed progress reports helped reassure us throughout the project delivery,” he said. “We are satisfied with their execution and responsiveness.”