Accenture CapMarkets CoreTrading Murex

8/10/2019 Accenture CapMarkets CoreTrading Murex

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Trading Services

Murex Capabilities



A part of this business is dedicated to

Murex and other trading platforms,

nd thus Accenture maintains close

elationships with leading trading

latform vendors and has developed

many custom solution accelerators

round these vendor’s products. These

nclude frameworks, such as testing

rameworks, and tools, such as estima-

on tools, that help to reduce efforts

nd increase the quality of our tradingrojects. Those relationships and solu-

on accelerators are essential elements

f Accenture Trading Services.

Accenture and Murex

Murex is a leading provider of an

ntegrated trading, risk management

nd settlement solution for the capital

markets industry. The software features

unique coverage of asset classes and

andles all facets of cash and deriva-

ves trading for foreign exchange,

money market, energy and commodi-

es, equities, credit, interest rates and

xed income. Today, Murex has over

2,000 users among the world’s lead-

ng financial institutions worldwide

nd has 9 offices in all major markets

nd time zones.

n 1994, Accenture delivered its first

Murex implementation project suc-

essfully to a client. Since then,Accenture and Murex formed a

elationship that—over time—gener-

ted a large international Accenture

ommunity of subject matter experts

with deep Murex experience around

he globe. Our teams have worked

n successful Murex implementation,

migration and application manage-

ment projects for nearly 15 years and

ave experience with all generations of

Murex solutions, particularly those still

n production, Mx Generation 2000

nd MX.3 (including MX Risk Manager,

heir enterprise-wide risk manage-

ment solution). In the past, Murex and

Accenture have even teamed up to

create joint proposals for specific client

projects and challenges.

Since 2002, Accenture and Murex

have operated a joint training program

in Murex’s central office in Paris. As

part of this program, Accenture employ-

ees work in Murex support teams over

several months and gain hands-on

experience with various Murex applica-

tions by supporting actual customers ofthe software.

Accenture and Murex recently signed

a global relationship agreement that

positions Accenture as the first Global

Alliance Partner of Murex. It also

provides Accenture with a number

of unique possibilities to further

support its capital markets clients,

laying the basis to significantly

extend the development of solution

accelerators and market Accenture

owned tools around Murex (e.g.

testing automation). Furthermore,

Accenture is entitled to deliver

services—1st level support, release

and configuration management

services—for its clients from various

locations around the world, including

off-shore locations without requiring

any additional agreements.

Relevant Accenture Murex ExperienceScope of Services

Accenture provides consulting, system

integration and application mainte-

nance services around Murex software

solutions. Consulting services include

strategic assessments, process con-

sulting and trading and settlement

architecture design as well as design

of global trading operating models.

Our system integration services span

software implementation (cross-asset

class, front, middle, back office, multi-

site) and related design/build/rollout

and aftercare work. Our application

maintenance services include onsite

and offshore application management

and support, testing services and

standard release upgrades. In addition,

Accenture and Murex jointly developed

a combined upgrade approach to MX.3.

Solution Accelerators and

Dedicated Offerings

Based on our deep experience, and from

working on numerous implementation

projects, Accenture has developed a

robust set of tools and specific offeringsaround Murex applications, including

upgrade projects to MX.3 and applica-

tion management for Murex solutions.

Our estimation tool quickly estimates

the amount of work needed for a spe-

cific Murex implementation project. It

also delivers a work plan and can help

optimize the scope of a specific project

with predefined Murex tasks. Another

estimation tool has been developed for

application outsourcing projects cover-

ing maintenance and enhancement

tasks. Based on a specific client chal-

lenge, this tool provides an estimate

for the required team size and the skill

pyramid needed.

To help our clients upgrade to the latest

Murex platform MX.3, we developed

a specific set of tools complementary

to Murex tools which help ensure a

smooth transition. These tools encom-pass a pre-configuration and testing

approach, interface development and

configuration management. Benefits

for our clients from those tools and

offerings include lower implementation

risk, reduced costs and a higher qual-

ity (lower regression, reduced testing

efforts, and other advantages).

Accenture has developed an industri-

alized approach to support applica-

tion management for Murex software.

By combining an on-site team with

dedicated resources in our Capital

Markets Center of Excellence

(see below), we are able to provide our

clients with a competitive approach

to cover user and operating support,

bug fixing, application management,

and quality measurement through pre-

agreed service level agreements.

Recently, Accenture has adapted

its estimation model to integrate

MXpress™, Murex’s latest release

of pre-configured solutions and deploy-

ment tools based on market best prac-

tices, thus delivering to clients an even

faster implementation.

Capital Markets Center of Excellence/

Capital Markets Delivery Centers

Accenture maintains a Capital Markets

Center of Excellence that provides

training, research and comprehensivedevelopment facilities for front-to-back

trading architectures and data manage-

ment systems. This dedicated network

of trading experts (in Paris, Madrid, New

York, Mumbai and Shanghai) helps to

maximize the synergies in implementa-

tion and maintenance projects around

the world.

In addition to the 50 global facilities

staffed by 75,000-plus professionals

that comprise the Accenture Global

Delivery Network, our firm operates

delivery centers dedicated to the capi-

tal markets industry in Spain (Madrid),

India (Mumbai) and China (Shanghai).

Our Center of Excellence is linked seam-

lessly with our local capital markets

practices in different countries and

our dedicated capital markets delivery

centers in Spain, India and China. For

example, the Madrid location of ourCenter is the home of a dedicated pool

of resources to deliver application man-

agement for Murex Software.

This unique combination of skilled

resources, solution accelerators

and deep industry knowledge helps

Accenture achieve superior results for

our clients as we implement, develop

and maintain their Murex software.

Selected Client Experience

around Murex

Accenture has intensive experience

with Murex software covering a broad

range of asset classes (FX and money

markets, fixed income, derivatives and

commodities) as well as all functional

domains ranging from sales/distribution

to front-, middle- and back-office, and

collateral management. In Europe alone,

Accenture has helped more than 40

banks with their Murex implementation

projects over the last 10 years.

In addition to our consulting and

system integration projects around

Murex, Accenture provides applica-

tion maintenance services around dif-

ferent Murex software versions cover-

ing different asset classes for clients

in Germany, Spain and Italy. Details

of our dedicated client experience are

available upon request. For reference,

we have attached an example of one

recent Murex project.

Sal. Oppenheim: Application

Management for Murex

With a current staff of 3,800 employ-

ees, Sal. Oppenheim is Europe’s lead-

ing independent private bank.

Before collaborating with Accenture,

Sal. Oppenheim’s Murex trading

application was maintained by bank

employees and freelancers. Since the

maintenance workload varies greatly

during the year, Sal. Oppenheim

sought a solution that would allow

the support team to scale up and

down with demand, while reducing

costs and improving cost predictabil-

ity. By co-sourcing its Murex applica-

tion management, the bank hoped

to achieve cost reductions, improve

time-to-market for new products,

extend flexibility to meet demand

peeks and increase the quality of ser-

vices and development.

Accenture was selected for this project

because of its in-depth Murex applica-

tion expertise, capital markets industry

know-how and its application out-

sourcing and delivery experience.

Accenture’s service model includes an

on-site team in Frankfurt, Germany

and a near-site team in Accenture’s

Capital Markets Center of Excellence

in Madrid, Spain, and provides deep

expertise in Murex, flexible staffing,

a multi-site infrastructure, a strong

background in application outsourc-

ing service delivery as well as a com-

petitive and predictable pricing model.

Accenture’s role includes Murex

enhancements and small developments

performed by the near-site team

and maintenance, small develop-

ments and service management

done by a joint on-site team.

All of this has led to higher quality

deliverables, reduced time-to-marketwith new investment products

and profound decisions on strategic

changes to the application (i.e. market

data infrastructure, interface design,

reporting methodology). Specific

results have included a demand

management process that supports

flexible scaling of up to +/-30%

of the current team size.

Within Accenture Trading Services, Accenture helps capital markets firms transform theirfront, middle, and back-office operations and risk management departments into inte-grated trading architectures to properly and efficiently address the increasing complexityand risk exposure resulting from cross-asset class and derivatives trading.

“Throughout our 15 years of working with Accenture, we have builta very special relationship based on mutual trust. Our recently

signed Global Relationship Agreement positions Accenture as our

first Global Alliance Partner, offering a full set of services to our

joint customers around the world covering strategic consulting, sys-

tem integration and maintenance services. This agreement allows

Accenture to deliver maintenance services from offshore locations

and is a true proof point for this unique partnership.”

— Maroun Eddé, CEO, Murex



Copyright © 2009 Accenture

All rights reserved.

Accenture, its logo, and

High Performance Delivered

are trademarks of Accenture.

Contacts

For more information about

Accenture’s experience with Murex,

please contact:

Steve Scemama

Global Lead, Murex and Trading

Platforms Services

[email protected]

Olaf Wehrkamp

Austria/Switzerland/Germany

[email protected]

Omar Santissi

Italy/Greece/Emerging Markets

[email protected]

José VillarSpain

[email protected]

Peter Kennedy

UK/Ireland

[email protected]

Tom Syrett

France

[email protected]

Diane Nolan

Belgium/Netherlands/Luxembourg

[email protected]

Araya Solomon

North America

[email protected]

Fabio Rodacki

Latin America

[email protected]

Kohji Yamamoto

Japan

[email protected]

Nicole Bodack

Singapore

[email protected]

Hendrik Koerner

China

[email protected]

Jonathan Hicks

Australia

[email protected]

Gai Parthasarathy

India

[email protected]

About Accenture

Accenture is a global management

consulting, technology services and

outsourcing company. Combining

unparalleled experience, comprehen-

sive capabilities across all industries

and business functions, and extensive

research on the world's most suc-cessful companies, Accenture col-

laborates with clients to help them

become high-performance businesses

and governments. With approxi-

mately 177,000 people serving cli-

ents in more than 120 countries, the

company generated net revenues of

US$23.39 billion for the fiscal year

ended Aug. 31, 2008. Its home page

is www.accenture.com.

Documents

Accenture CapMarkets CoreTrading Murex