Issue
The client is an energy company running separate ETRMs for the front office and for mid/back office.
The client wanted to consolidate two ETRMs onto a single platform:
- One system handled front-office deal entry while another handled risk and settlements.
- The split arrangement carried excess cost and operational inefficiency.
- Consolidation promised to save thousands a year in license fees if migration succeeded.
Solution
MidDel's team designed and delivered a migration to a single ETRM platform:
- Transferred deal entry, confirmations, deal tickets, and delegation-of-authority reporting onto one platform.
- Implemented ICE trade and Dodd-Frank SDR interface adapters with the vendor.
- Built a detailed test plan and delivered end-user and system-administration training.
Result
Reduced software license fees by $200,000 per year while shrinking the system footprint and integration complexity.
Consolidating front and back-office functions cut duplicate support and integrations and migrated the regulatory interfaces in the same move.
“Thanks for all that you and your team have done and continue to do for us.”
CAO
IT Executive Director & Energy Company
Key Takeaways
- Two ETRMs is one too many. Consolidating deal entry, confirmations, and delegation-of-authority reporting onto a single platform - with ICE and Dodd-Frank SDR adapters migrated in the process - cut $200,000 a year in license fees and shrank the support footprint.
- System consolidation is a compliance and cost win at once. Migrating regulatory interfaces as part of the consolidation avoids duplicate integrations and complexity - a pattern any firm running split front- and back-office systems can follow.
Ready to do the same?
Paying to maintain separate front- and back-office trading systems? MidDel consolidates them onto one platform and cuts the license and support overhead. Let's talk.
