Our client, a large European investment bank, was looking to upgrade their existing Murex instance, Mx 3.1.29 to the latest binary version Mx 3.1.41 (for FX and OTC Derivatives).
The Murex Upgrade was described as a like-for-like, technical upgrade, with limited functional changes to the existing configuration and processes, integration and reporting activities. There were no additional modules, except where modules were mandatory as part of the upgrade process. The extent of the limited changes were identified and quantified within the Impact Assessment workstream.
FWD View has been asked by the Investment Bank to manage and provide an approach, and resources to support internal resources in the upgrade
FWD View has a wealth of experience with the Murex applications and proposes to combine that knowledge with the Delphix Data Platform to execute the upgrade, should the Investment Bank decide to purchase the Delphix Data Platform.
FWD View’s upgrade approach defines 5 phases
- Impact Assessment (including using Delphix)
- Planning and Analysis
- Technical Upgrade
- Test Execution
- Transition To Live