For investment banks and capital markets firms struggling to keep pace with evolving market conditions, the cloud offers a number of significant opportunities. It can enable organizations to calculate pricing and risk more easily, optimize environments (right-sizing for testing and availability), process trades and transactions (with increased horizontal scalability and redundancy) and migrate function-based SaaS or applications.
But what about organizations using MX.3—Murex’s cross-asset platform for trading, risk management and processing? Can they also take advantage of the cloud?
The short answer is Yes!
Which organizations should take Murex to the cloud?
Taking Murex to the cloud could be a particularly valuable option for organizations that are looking to achieve the following objectives while evolving their Murex infrastructure:
- Remove and decrease large capital investments in IT infrastructure
- Grow development capacity by increasing the number of development environments
- Accelerate the development process and time to market by moving to automated deployments and maximizing the principles of DevOps
- Increase flexibility of RIsk Engine and Grid Computing capacity
By taking Murex to the cloud, organizations could provision development and test environments within minutes, save infrastructure costs for their stack, and scale grid environments up and down on-demand to hundreds or even thousands of servers.
Leveraging public cloud-native technologies also means organizations can access one-click deployment of new environments on a pay-as-you-go model. They can take advantage of elastic computing capacity at a lower total cost of ownership compared with on-premise environments. And they could expect simplified management and a real-time consolidated view of the organization’s infrastructure.
Is your firm ready to take Murex to the cloud?
For organizations that recognize the benefits of continuous integration and continuous delivery and want to see improved time-to-market, Accenture recommends considering two cloud deployment patterns:
1. Development Environment Build Automation and Cloud Hosting
2. Grid Compute/Risk Engine on the Cloud
Both of these patterns provide high-value/low-risk options for taking Murex to the cloud that could result in cost savings for investment banks and capital markets firms—and an improved ability to keep pace with rapidly changing market conditions.