The company uses numerous trading platforms across the newly-merged organisations to process the trading of a wide range of asset classes including rates, FX, commodities, fixed income, credit and equities.

The client had no system for unifying data delivery in order to produce the desired output: reports for the regulator, in the correct format, of transactions generated by the company. To attain compliance could have involved major changes to all its trading platforms. In addition, given that the regulation was to come into effect within a year of starting the project, there was a deadline to meet.