Performance Challenge
TransAlta hit a roadblock when ICE announced significant changes to the ICE Trade Capture API. To maintain trade data automation, the company had to make technical changes within a short timeframe which would entail high risk and disrupt their day-to-day processes.
With this, TransAlta also had various other limitations like limited personnel and executive sponsorship to come to a consensus to decide between upgrading the CTRM platform or seeking third-party operational support of integration and testing within the limited timeframe. To achieve the desired results without disrupting business operations, Value Creed implemented BroadPeak’s K3 in 6 weeks.
KEY RESULTS
Met critical deadlines without any disruptions in daily operations
Full transparency and Control over trade data
Increased operational efficiencies
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Expertise On Demand
- Value Creed was already providing Managed Services to TransAlta because of which we were familiar with their current business processes. This helped us to strategize a solution and create a roadmap for the implementation of K3.
- During the process, Value Creed and BroadPeak’s team found additional operational improvements to implement for increased efficiencies. The collaborative approach of the teams enabled the setting up of a new data feed with no technical changes which avoided business disruptions and connected to exchanges with just a few clicks.
- Our experts mapped ICE products in K3 to CTRM data standard and ran various tests to ensure the correct valuation of each trade type. Since there was a limited timeframe, our team executed parallel testing against the production to validate the integration features.
Value Creed Services Mobilized:
Expertise On Demand
Whether you need to implement new functionalities, create custom enhancements, or make business process improvements, Value Creed’s team of technical and functional experts help you cater to modern business demands and achieve organizational goals at every stage of the CTRM journey.
Key Takeaways
A collaborative effort of Value Creed with BroadPeak’s K3 team met with a tight technical deadline without disrupting business. Value Creed crafted a solution and designed a roadmap for implementation. Since our team has a deep understanding of TransAlta’s CTRM software, the integration with BroadPeak’s K3 solution was carried out without any issues. The expanded implementation of K3 by Value Creed helped TransAlta to rely on critical connections to the derivatives market confidently, gain full transparency and control over trade data and increase operational efficiencies to maximize the ROI of their software investments.
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