Following the news that Strate has acquired the BaNCS Market Infrastructure solution products for bonds, equities and money market securities, Strate has already begun the migration of money markets. The implementation thereof is scheduled for the beginning of August 2015.
The majority of the system changes required for the money market implementation will be within Strate’s own systems with minimal development necessary at a market level.
Extensive use of the parallel testing environments, as well as existing market testing windows available to Strate, will facilitate a seamless migration of money markets. The current money markets system will be decommissioned as soon as it moves to the new TCS BaNCS MI.
The following roadmap indicates the proposed timelines to move money markets to the new infrastructure:
