This honour strengthens the reputation that Murex has built as one of the key providers of ETRM solutions. The voting placed Murex in the top 3 positions in 15 categories, including 5 number one rankings, in areas such as market risk, modelling and overall ease of using the system. Results from the Risk Technology Rankings 2008 had already recognised Murex as being the number one vendor in Commodities in Trading systems - front-to-back office and Pricing and analytics categories.
Benefiting from the innovation of MX.3âs powerful architecture, Murexâs third generation integrated platform, this multi-commodity solution has been designed to deliver extensive derivative and physical product coverage (power, natural gas, crude oil and refined products, coal, freight derivatives, emissions, base and precious metals, and soft commodities), along with cross-market interest rate and foreign exchange hedging. The system also provides a wide range of risk functionalities such as VaR, PaR, credit limits, market limits compliance checks and collateral management. The whole trade life cycle is managed, as well as confirmations, payments and invoices, and accounting.
Henri Van den Boogaerde, Murex head of product development for the energy and commodities segment, comments: âFor the past 15 years, we have continuously invested in our solution to enrich it with the right developments and build a deep understanding of the specific requirements of the energy and commodity businesses - making the fit solution under all circumstances. We are very proud to see our ETRM being pledged by our Energy Risk readers and our clients. With the additional impulse given by MXpress, Murexâs latest accelerated implementation methodology based on pre-packaging of best practices, we are confident we are in the right position to pave the road for further successes.â
This award follows a number of demonstrations of industry recognition received in the past months which include our fourth time rating as number one overall technology vendor in Risk Magazine 2008 rankings voted by software users, and the award designating Murex as the Most Innovative Derivatives Processing Solution Provider in the 3rd annual Financial-I Leaders in Innovation Awards 2009. This award was based on research and analysis conducted by Financial-Iâs editorial team along with a panel of expert judges.