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Murex - Asia Pacific Regional Vendor of Choice & Global Expansion

Murex receives highest recognition for its excellence in delivering front-to-back trading systems and after-sales services in Asia Risk’s 2013 Technology Rankings and expands further to address appetite for the MX.3TM Integrated platform.

Murex, the leading provider of cross-asset trading, risk management and processing solutions, today announces that it has been voted Overall Number One Technology Vendor in Asia Pacific.

Over 500 regional market practitioners participated in Asia Risk’s annual technology rankings to nominate and rank vendors based on functionality, usability, performance, return on investment and reliability criteria across a range of categories including trading systems (front-to-back), derivatives pricing, risk analytics and clearing, enterprise risk management and support services.

Murex earned a large number of top places reaching the overall number one position for trading systems, derivatives pricing and risk analytics, back office, limit management, implementation efficiency and after-sales service, reflecting the platform’s pledge to offering best-of-breed capabilities while continuously evolving to address specific challenges in all marketplaces.

Guy Otayek, Chief Executive Officer of Murex Asia Pacific comments: “We are delighted to be the “regional vendor of choice” in Asia Pacific, all the more so, as the rankings do not only recognize the value of our business model and development strategy, but also acknowledge the value of our people. We are proud to make a difference through the quality of services and support our teams deliver daily and to be placed first for the second year in a row in implementation efficiency and after-sales service categories.”

Murex continues to expand its presence in the region and abroad. The Singapore hub and satellite offices have grown by 25% to accompany local financial institutions and new client wins in China, Singapore, Vietnam, Malaysia and Korea. At the group level, in addition to the Hong Kong office, opened late 2012, three new offices were inaugurated in 2013 - Toronto, Santiago de Chile and Dubai - to support growing business in Canada, Latin America and in the Middle East.

“With the financial marketplace eager for ways to address the “New Normal”, a number of financial institutions in all regions of the world turn to Murex’s 27-year capitalized expertise to leverage on our capacity to deliver innovative solutions and benefit from our proven integrated platform model. We are investing further in our manpower in order to maintain our support model and make sure they can take full advantage of our business advisory and tailored approach” adds Maroun Edde, Murex Group CEO.