Context

A global investment bank initiated a major upgrade of its Murex platform, migrating from version 2.11 to the 3.1.4x release. The programme spanned multiple asset classes and front-to-back processing streams, requiring deep technical expertise and careful coordination to ensure a controlled and successful transition.

SkySparc was engaged to provide senior Murex expertise to guide the upgrade strategy and support delivery across the full programme lifecycle.

What SkySparc Delivered

SkySparc provided experienced Murex subject-matter experts to define the implementation approach and deliver hands-on technical expertise throughout the upgrade. The engagement covered front-to-back processes across Fixed Income, FX, and Interest Rate Derivatives, with SkySparc specialists working closely alongside the client’s internal teams.

The delivery focused on ensuring functional completeness, technical robustness, and a controlled transition to the upgraded platform.

Execution Highlights

• Delivered front-to-back implementation and migration across Fixed Income, FX, and Interest Rate Derivatives
• Designed and implemented MxML end-to-end where it had not previously been used, covering trade validation, confirmations, deliverables, and interfaces
• Performed extensive modification of MLC and a full redevelopment of reporting using the legacy M-Report framework
• Executed the platform upgrade from Murex version 2.11 to the 3.1.4x release

Operational Results

• All targeted products and asset classes went live successfully on the upgraded Murex platform
• Platform stability was achieved following a short stabilisation period
• System ownership was handed back to the client with full confidence in the upgraded environment

Client Perspective

“SkySparc’s contribution was critical at a time when we lacked deep Murex system expertise. Their specialists played a key role in making the go-live possible.”

Programme Stakeholder
Investment Bank

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