Trading & Execution
Electronic trading, algo workflows, execution quality, routing and venues.

Capital Markets
Platform change delivered against a live book, with the desk trading throughout.
The platform estate — order and execution management, portfolio management, position keeping and the market data feeding all of it — is one of the largest cost lines in a markets business, and one of the hardest to change while trading continues.
We select, deliver, upgrade and recover trading platforms against a live book: selection tested against the actual portfolio and operating model, implementation and migration with parallel run, and integration into risk, finance and operations. Market-data and reference-data estates are rationalised on actual usage and licensing terms.
The work runs through our Core Trading & Investment Platforms, Market, Pricing & Reference Data and System Integration practices. Execution workflow and algo change sit with our Trading & Execution work, and post-trade platforms have their own page.
Selection runs against your actual portfolio, volumes and operating model. Candidates are tested with your trades and workflows, and the result is a decision the desk, technology and operations all stand behind — with delivery planned from the start.
We deliver platform implementations and version upgrades against a live book: migration and cutover planned from day one, parallel run to prove results match, and the desk kept trading throughout. The same team stays from design through go-live.
Order, execution and portfolio management systems across asset classes — buyer-run platforms such as Murex and Calypso as well as in-house estates. We work on the estate as a whole, so overlaps and gaps between systems are resolved rather than worked around.
Market-data spend grows quietly as feeds, terminals and redistribution accumulate. We measure actual usage against entitlements and licensing terms, then rationalise and renegotiate on that evidence — keeping the data the desk actually uses and retiring what it does not.
Instrument, pricing and reference data feed every downstream system, and quality problems surface as breaks, misvaluations and manual fixes. We build the sourcing, ownership and quality controls so each attribute has one authoritative source and downstream systems inherit clean data.
Trading systems earn their keep when positions, prices and trades flow cleanly into risk, finance and operations. We design and build those integrations, and shape the target architecture so each change simplifies the estate over time.
Platform work is planned around the trading calendar from the outset: selection against your actual book, a migration and cutover plan from day one, parallel run before anything is switched, and the desk kept trading throughout. The senior team that runs selection stays through implementation, and your own staff work inside the delivery team so the estate is run confidently after go-live.
The same senior team runs selection and stays through implementation, migration and cutover.
Establish the current state, the constraints, the risks and the value at stake.
Shape the target model and the business case with the executives who own the outcome.
Stand up the team, the plan and the governance around the outcome.
Design, build and test the change, with the business alongside.
Cutover, hypercare and handover, so the business runs it under its own control.
The same five stages on every engagement, led by senior practitioners end to end. How we work
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