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Murex award for Best Credit Derivatives Trading software

Murex, the leading provider of cross asset trading, risk management and processing solutions, has been acknowledged “Best Credit Derivatives Trading Software” at the Credit US Awards 2008, hosted by Incisive Media.

The Credit Awards 2008 - now in their 8th year - are the credit industry's premier showcase. The poll is conducted by Incisive Research, an independent research agency providing specialist business information operating in the financial market and associated industries. It defines a benchmark for performance in the global credit industry through interviews of the biggest credit investors voting on the best banks and service providers in the credit markets.

Commenting on the award, Antoine Mourad, CEO of Murex North America, said: “Our solution has been recognized as the best for credit derivatives because it has provided our clients, dealers and asset managers alike, with robust and flexible tools to manage their market and operational risk effectively in these tumultuous markets.”

Murex delivers a constantly evolving front to back office platform covering natively all types of credit derivatives and hybrids such as contingent CDS and credit linked interest rate products.

“While the credit crisis has halted investment by those clients most directly impacted by the situation, it has also lead to renewed interest by a variety of market participants in risk management solutions. Overall, we continue to see robust growth in our business in general and in credit derivatives in particular.”