Empowering a Leading Stock Exchange Firm with Smarter Customer Offerings through Cloud Migration
The rapidly evolving financial services industry requires modern, scalable, and secure infrastructure. Stock exchanges must adapt to remain competitive and meet customer demands. This case study describes how Infosys helped a European stock exchange migrate key applications to cloud. Infosys leveraged a robust set of tools to ensure high data quality and deliver significant benefits to the client.
About the Client
The client is a European stock exchange involved in financial indexing, providing benchmarking and analytics services, post-trade clearing and risk management, selling real-time market information, reference data, and trading technology to capital markets clients.
Challenges
The client was using outdated on-premises tools that impacted time to market and provided zero cost transparency. The existing infrastructure also affected their ability to effectively scale and manage risk. Apart from this, the client was also struggling to attract the right talent.
Infosys Solutions
The client had already embarked on a long-term partnership with a leading hyperscaler organization. Infosys was chosen to be the strategic partner in handling the migration of over 1,000 applications to the cloud using a menu-based pricing construct and an outcome-based model tied to key milestones. Having successfully executed numerous complex migration projects, Infosys leveraged its suite of powerful proprietary tools to ensure quality, validate infrastructure, test data processes, and streamline data migration. Infosys proprietary toolset included:
- Infosys Cloud Quality Assessment Tool (ICQAT)
- Infosys Cloud Infrastructure Validation (ICIV)
- Infosys Data Testing Workbench (IDTW)
- Infosys Data Wizard (IDW)
Business Benefits
The Infosys-led migration helped the European stock exchange unlock their full potential and realize significant business benefits such as:
- Enhanced data discovery, delivery, and management
- Improved strategic decision making
- Higher efficiency, agility, scalability, and speed
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