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CASE STUDY
Trading Platforms

LCH SwapClear uses Reformx to improve Murex

Adoption of the Reformx tool brought visibility, speed and efficiency to SwapClear’s Murex development process.

3-MINUTE READ

Challenge

SwapClear used Reformx, a release and change management tool by Formicary (now part of Accenture), to improve software releases for Murex trading systems.

SwapClear is LCH's global clearing house for interest rate swaps. The company uses Murex’s risk management solution, but its teams have a demanding release schedule that requires the coordination and merging of multiple simultaneous development streams. SwapClear was looking to enhance the quality of releases and improve productivity by:

  • Enabling greater visibility and transparency of changes and upgrades
  • Supporting browse, search, track/compare changes and configurations between environments
  • Being more nimble when required to roll back to previous versions
  • Introducing workflow to view the entire lifecycle of version changes

Strategy and solution

The introduction of Reformx offered SwapClear greater visibility of changes by tracking changes in the Murex trading system environment, where developers are required to provide detailed comments as to how, why and where upgrades and bug fixes have been made.

This decreases the time spent managing environments over the life cycle of projects and assists developers, testing teams and production and project managers to confidently manage releases.

Delivered as a Web GUI, Reformx supports all of SwapClear's Murex development work.

"Reformx has significantly reduced the development and deployment time required as part of each release. End to end cycles are now shorter and roll out smoother with better tracking. In addition to saving time and subsequent budget, our teams are working smarter and more cohesively—and that’s invaluable."

— AARON GRANTHAM, Former CTO, SwapClear

Transformation

SwapClear and Murex development teams have a quicker development and release cycle.

Project managers have enhanced visibility of specific fixes which have been deployed to an environment.

Deployment managers are able to run instant comparisons between environments.

Testers are able to view accurately documented changes and only perform testing in necessary areas.

Developers have less hassle with packaging changes as it is entirely automated.

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