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ATB Financial has gone live on Murex’s MX.3 solution, placing its infrastructure and application management into the cloud.

ATB went with the system to create “a simple yet comprehensive foreign exchange experience” for their customers. According to Murex, ATB was able to “rationalise their [sic] IT landscape, broaden the scope of financial instruments … and prepare for a large volume increase in trading.”

The first phase of the project was completed in under 10 months covering interest rate derivatives front-to-back-to-risk, including both market and credit risk as well as collateral management. ATB’s official go-live on Murex SaaS took place in August 2017. Project implementation costs were “significantly reduced” compared with an on premise installation.

“ATB prides itself on being a leader in the assessment and adoption of new technologies that will benefit both our team and our customers,” said ATB CTO Wellington Holbrook.

“It was clear to us Murex’s award-winning solution was the best fit for our needs. The project was completed on time and on budget. After such a smooth collaboration, we’re keen to launch phase two of the project and extend the platform to include commodities and FX trading.”

Edouard Balliere, head of business development for Murex Amercias, added: “We are extremely pleased with the successful implementation of Murex SaaS at ATB. The solution will help ATB rationalize and reduce IT overheads. We also proved SaaS deployments achieve significant professional services and maintenance cost reduction over well-defined initiatives such as the one ATB assigned to us. We look forward to working closely with ATB to support their growing business in the future.”

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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