Excelian Completes Flagship Upgrade for Lloyds Banking Group
The full upgrade, one of the first of its kind, moved LBG from a legacy version v1.5.4 to the latest MLC v1.6.9 main branch version for their FX, IRD, MM, EQD and commodities businesses.
One of the most significant changes this has brought for LBG is the enhancement of the Pre Deal Limit Check from one second to 55 milliseconds to support their predicted trade volume growth. This comes through the added scalability that v1.6.9 offers, running on the MX 3.1 architecture.
Chris Leyland, Head of Technology, Risk IT, LBG says "Excelian performed an integral role in moving LBG from MLC version 1.5.4 to 1.6.9, including a Sybase upgrade from version 12.5 to 15. This was a complex upgrade and Excelian's commitment to the project throughout, combined with their specialist expertise ensured the smooth and successful delivery of the latest Murex MLC platform which is integrated within the MX 3.1 architecture."
David Cunningham, Head of Risk Platforms, Chief Operating Office, Wholesale & International Credit Risk, LBG adds "Our established relationship with Excelian, combined with their strong partnership with Murex, made Excelian the obvious choice to perform the MLC full main branch upgrade for LBG."
Excelian's Head of MX Risk applications and project manager, Chris Sims, believes that much of the project's success was down to the creation of standardised test packs, the utilisation of Excelian's Smart automated testing software and the experience gained from the MLC pre-release managed testing service that Excelian now provides for Murex themselves.
Excelian's MLC services include credit risk, market risk, collateral management, MXpress implementations, MLC v1.5 to v1.6 migrations, managed MLC testing, managed MLC support, Smart automated testing software and on-shore/off-shore delivery.
Established in 2001, Excelian is regularly cited as one of the UK's fastest growing privately owned companies. The company specialises in technology infrastructure solutions for capital markets, commodities, insurance and e-gaming clients and its capital markets practice includes the largest independent Murex consultancy. Excelian currently has a turnover of c £28 million, with around 300 staff working out of 20 countries and its established regional hubs in France, South Africa and Australia or its satellite offices in Tokyo, Singapore and New York. Excelian features in the 2012 Investec / Real Business Hot Business 100 (the second time it has been listed) and has previously featured in the Sunday Times Fast Track /Tech Track listings for 2008, 2009, 2010, as well as in the Sunday Times International Track 2010 and the Deloitte Technology Fast 50 in 2007, 2008 and 2009. The company has established one of the largest learning and development programmes in the sector, including a bespoke executive leadership programme developed with Cass Business School and formally achieved 1* Best Companies 2012 accreditation in January 2012.