Commerzbank Integrates FX, Equities, Commodities into MX.3 Platform for Enhanced Trading Efficiency

<ul>
  <li>Commerzbank has successfully migrated its global FX, FX derivatives, equities, and commodities activity to Murex’s integrated MX.3 platform.</li>
  <li>This migration is expected to enhance process efficiency and reduce costs, while also laying the foundation for future business growth.</li>
  <li>"The new setup enables Commerzbank to significantly enhance process efficiency and simultaneously reduce costs," said Sebastian Kauck, Corporate CIO of Commerzbank.</li>
</ul>
<p><strong>Commerzbank enhances efficiency and reduces costs with MX.3 platform migration, setting the stage for future growth.</strong></p>
<h2><strong>Commerzbank Completes Migration to MX.3 Platform</strong></h2>
<p>Commerzbank has completed the migration of its global FX, FX derivatives, equities, and commodities activity to Murex’s integrated MX.3 platform. The migration, supported by TeamTek and Infosys, is a significant milestone in the bank's digital transformation journey. This new setup is expected to enhance process efficiency, reduce costs, and enable the bank to adapt more swiftly to market changes.</p>
<h3><strong>Collaboration and Integration Efforts</strong></h3>
<p>TeamTek played a crucial role in the migration program, handling testing automation implementations and the full end-to-end delivery of the equity migration project. Infosys provided a comprehensive suite of services on MX.3, including development, integration, testing, and migration activities, along with go-live and aftercare support. The collaboration between Commerzbank's internal teams and these partners was integral to the project's success.</p>
<h3><strong>Future Prospects and Industry Impact</strong></h3>
<p>According to Sebastian Kauck, Corporate CIO of Commerzbank, the successful platform consolidation is a major achievement that enhances process efficiency and reduces costs. Luc Testud, Managing Director, Central Europe at Murex, highlighted that this migration creates opportunities for future expansion through an integrated cross-asset platform, accelerating time to market for innovations and furthering digitalization efforts. Christine Al Khalil, co-founder of TeamTek, and Dennis Gada, Global Head of Banking and Financial Services at Infosys, also expressed their satisfaction with the collaboration and its outcomes.</p>
<h3><strong>Murex's Growing Influence in the Financial Sector</strong></h3>
<p>Murex has been successfully onboarding major financial institutions onto its MX.3 platform. For instance, Dutch banking giant Rabobank migrated its back office, operations, and finance to the MX.3 platform in Brazil as part of a broader IT transformation. Similarly, Mexican bank Banorte also migrated to the MX.3 platform last year. These moves demonstrate the growing influence and adoption of Murex's integrated solutions in the financial sector.</p>
<h3><strong>Conclusion</strong></h3>
<p>The migration of Commerzbank's global FX, FX derivatives, equities, and commodities activity to the MX.3 platform marks a significant step in the bank's digital transformation journey. By enhancing process efficiency, reducing costs, and enabling quicker adaptation to market changes, this move sets the stage for future business growth and innovation. The successful collaboration with TeamTek and Infosys underscores the importance of strategic partnerships in achieving such milestones.</p>