ETRM Systems Consolidation


Our client was seeking to consolidate ETRM systems, which would save thousands of dollars a year in license fees if they could migrate to one platform. They had integrated one system used by the front office for deal entry with another system that was being used by mid and back office for risk and settlements. The organization realized the inefficiencies and excess cost with this arrangement and asked MidDel to propose and implement a solution.


MidDel’s experienced ETRM consulting team reviewed the current state of business operations with the client to develop a consolidated solution. During the project, the team also provided development and technical management services.

The key functionalities transferred to the single ETRM platform were: deal entry, confirmations, deal tickets and delegation of authority reporting. MidDel also coordinated with the vendor to implement adapters for the ICE trade interface and the Dodd-Frank Reporting interface to ICE’s Swap Data Repository.

To ensure a successful migration of these business processes, MidDel designed a detailed testing plan with client supported test case development, test management and support. MidDel also designed and delivered detailed end user and system administration training.


The development of a detailed and achievable plan to migrate all functions to a single platform resulted in a successful implementation that achieved many benefits for the client including: minimizing the client’s system footprint and associated support, decreasing systems integrations and complexities, and reducing software license fees by $200,000 per year.

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