An investment bank in Pennsylvania hired Iridium to work on their Principia™ to Murex™ migration for interest rate derivatives. Iridium provided a senior business analyst in charge of data mapping, datamart extractions and validation of the overall position, cash and P&L in Murex™.
In the second stage, Iridium added another senior resource responsible for the accounting implementation and fine tuning of the P&L and risk calculations in Murex™.
The main challenge in this project was the compatibility with a pre-existing interface to the internal data warehouse. While Murex™ is more sophisticated and accurate than Principia™, the client’s management required from Iridium to reuse the current interface to shorten the time to delivery.
Overall, Iridium allocated 2 full time resources during an average period of 6 months.
Key success factors: data mapping, integration with current interfaces, book transfer & validation of results.
Software Migration
“Iridium’s ability to succeed in migrating from one software to another is due to our in-depth knowledge of sophisticated trading platforms.”
