Commerzbank moves FX, Equities, Commodities to MX.3 platform

“The new setup enables Commerzbank to significantly enhance process efficiency and simultaneously reduce costs. Additionally, it lays the foundation for future business growth as we can more swiftly adapt to market changes.”


Commerzbank has completed the migration of its global FX, FX derivatives, equities, and commodities activity to Murex’s integrated MX.3 platform.

TeamTek and Infosys supported the integration of the Murex platform into Commerzbank’s infrastructure. TeamTek played a significant role in the migration program, from the testing automation implementations to the full end-to-end delivery of the equity migration project. Infosys made a comprehensive suite of services on MX.3 available to Commerzbank. It carried out development, integration, testing, and migration activities alongside go-live and aftercare support.

“We can more swiftly adapt to market changes”

Sebastian Kauck, Corporate CIO of Commerzbank, said: “The successful platform consolidation is a major achievement. Throughout this project, the collaboration of our internal teams with Murex, TeamTek, and Infosys has always been an integral part of its success. The new setup enables Commerzbank to significantly enhance process efficiency and simultaneously reduce costs. Additionally, it lays the foundation for future business growth as we can more swiftly adapt to market changes.”

Luc Testud, Managing Director, Central Europe at Murex, added: “Murex is proud to support Commerzbank in this model simplification journey. This creates the opportunity for future expansion through an integrated cross-asset platform, accelerating time to market to innovate and enabling further steps of digitalization.”

Christine Al Khalil, co-founder of TeamTek, added: “Since the start of our collaboration in 2020, our unwavering commitment to Commerzbank was to bring quality and expertise, a delivery focused mindset and a flexibility in problem solving. We are proud of the close partnership that we have built together and that led us to this joint success.”

Dennis Gada, Global Head of Banking and Financial Services at Infosys, said: “We are delighted to collaborate with Commerzbank on their digital transformation journey towards a unified Murex platform for multiple asset classes. This consolidation has empowered Commerzbank to improve time to market, streamline operations, simplify the current technology landscape, promote standardization, and effectively manage regulatory changes while cultivating sustainable growth. This transformation has paved the way for future modernization and digitization of the bank.”

Murex has been successfully onboarding big names into its MX3. platform, including Dutch banking giant Rabobank which migrated its back office, operations, and finance to the MX.3 platform in Brazil. This move is part of Rabobank Brazil’s broader IT transformation and follows previous front office and risk implementations on the same platform. The MX.3 platform will now support a comprehensive range of onshore and offshore financial products, offering capabilities from trade capture and pricing to position and treasury management, as well as compliance with local regulations. Mexican bank Banorte also migrated to the MX.3 platform last year.

Murex expanding data solutions with Alveo and S&P Global

Earlier this year, Murex partnered with Alveo, a provider of cloud-based market data management services, to integrate Murex’s MX.3 Investment Management System (IMS) with Alveo’s Financial Data Management solution. The goal is to enhance client data operations and ensure the reliability and auditability of data for MX.3 users, said the provider of solutions for trading, investment management, risk, and processing in capital markets,

This collaboration introduces managed data services for Murex’s buy-side customers, enhancing the MX.3 for Investment Management solution with Alveo’s cloud-native data management technology.

Seamless access to comprehensive data sets, including listed derivatives, bonds, stocks, funds, and more, will facilitate better ESG investment decisions and regulatory compliance for MX.3 users, as well as lower onboarding costs and operational efficiency by leveraging Alveo’s self-service data management solutions. The move follows the recent integration of S&P Global Market Intelligence’s OTC Derivatives Data.