We helped a leading global investment bank migrate 40,000+ live trades to its proprietary risk management system

• To achieve long-term cost savings and greater operational control, a global investment bank initiated a project to migrate its trading operations from a third-party platform to its own proprietary risk management system
• The key challenge was to migrate a large volume of live trades—across 40 different product types—without disrupting daily operations, all within a strict one-year timeline
• The need to build new functionality for exotic instruments and coordinate with numerous stakeholders across/the bank’s front-to-back-office functions increased the complexity of the project

Our team provided comprehensive support for the complex migration, acting as a dedicated partner from start to finish.

• End-to-end project management: We provided complete project support through a managed service model, deploying our domain experts and technical resources directly onsite with the client
• Dual migration strategy: Recognising the diverse complexity of the trades, our team implemented a two-pronged approach. We used an automated, scripted Straight Through Processing route for standard trades and a carefully managed manual process for the more complex exotics
• Detailed business analysis: We conducted a thorough business analysis, preparing detailed Business Requirements Documents, Functional Specification Documents, managing user stories in Jira and defining all downstream data mapping requirements
• Rigorous quality assurance: Our team implemented a robust Quality Assurance and User Acceptance Testing framework. This involved creating detailed test scenarios, developing automated scripts and managing the entire defect-fix and sign-off process
• Centralised management of issues: To ensure a smooth transition, we established a centralised system to manage all post-migration issues, providing stability as the bank moved to its new target model

Our team provided comprehensive support for the complex migration, acting as a dedicated partner from start to finish.

• Successful on-time migration: We successfully migrated over 40,000 trades within the estimated one-year timeline. This included the complex rebooking of approximately 18,000 structured and exotic trades
• Mitigated operational risk: Through our structured approach, expert oversight and automated testing, we significantly mitigated operational risk throughout the project. This freed up valuable bandwidth for the client’s internal teams
• Foundation for future growth: The project concluded with the successful implementation of a new, robust target operating model, equipping the client with a scalable in-house system projected to deliver cost savings of approximately 60% annually