Since 2013, banks and brokers in Europe, the US and the Middle East have relied on EasyRec to analyse, transfer and reconcile their most critical data.
EasyRec was chosen as the official reconciliation solution for the Murex upgrade and migration, covering front office and risk control, back office payments, liquidity, market data, finance, IT configuration management and non-regression testing. More than 60 million cash flows were reconciled.
EasyRec played a key role in migrating both Sophis and Summit to Murex. Risk, regulatory, migration and support teams also used it to reconcile static data, market data, trade attributes, cash flows, P&L and sensitivities.
EasyRec was selected to validate the upgrade of the group’s Murex trading platform, above all for its capacity to reconcile large data volumes. The current and upgraded versions were compared cycle after cycle so that every difference was identified and explained before sign-off.
For the upgrade of its Murex platform, delivered as SaaS, the group selected EasyRec to reconcile the diverse datasets and formats extracted from the platform.
A major New York broker migrated its trading platform from another vendor to Murex, reconciling P&L, static data and trades across all products, payments, nostro and cash flows, with mappings to bridge the naming conventions of both systems.
With Murex delivered as SaaS and hosted in the cloud by the vendor, with no direct database access, all reconciliation was performed on reports and extracts, including Excel, CSV, flat files and XML. EasyRec handled complex preprocessing and transformation requirements through its Java plugin API before performing the reconciliation.
EasyRec was used to validate risk and sensitivities figures, alongside the reconciliation of static data, historical data, market data, simple and package trades, and P&L, including end-of-year, cash and past cash adjustments.
All teams used EasyRec to compare environments: configuration management, version control, data reconciliation and synchronisation with the golden database.
“EasyRec was selected as the strategic solution for the Bank, providing control, reliability and increasing quality of deliverables.”
We will gladly walk you through how comparable institutions used EasyRec.