Catalyst Development Ltd is delighted to announce the successful completion of an in-depth system selection process for Royal London Asset Management (RLAM). Murex, the selected system, has been specifically chosen to significantly improve the derivatives trading and risk management capabilities of the organization.
RLAM’s fund management will benefit from the fast deployment of a front-to-middle solution providing compliance pre-checks, order booking, execution, and risk monitoring (including historical VaR calculations) of all their derivative instruments across multiple funds. Trade processing capabilities will include affirmation, matching, and clearing. RLAM will also be implementing Murex’s Volatility Management Framework to support their equity and swaption strategies. Developed by Murex’s internal quant team, this unique offering relies on Logical Space™, a new time interpolation method, allowing the management of volatilities across multiple classes within a single framework.
The successful implementation will ensure that RLAM has capability to continue building its institutional client base.
Darren Bustin, RLAM’s Head of Derivatives comments “this is a significant step for RLAM and in our view an indicator of the future of risk management in our sector. Having made a strategic decision to make a major investment in our infrastructure, we needed the right advisors looking at the widest range of solutions available. The Catalyst team partnered closely with us throughout, managing an in depth selection process smoothly at every step. Clearly we now have a lot of work to do, but being able to confidently select the best in breed platform, at minimum cost and risk gives us the best possible start.”
Matt Parkinson, Managing Director at Catalyst said “RLAM have made some astute judgements here. In particular, they’ve spotted that incoming regulation gives the perfect opportunity to invest in the systems needed to scale-up business, as well as to deliver greater control and risk management. That’s a refreshingly different attitude from those who see regulation as being purely about compliance. We’re constantly surprised at how many companies choose to leave it to the last possible moment to act, guaranteeing they only see the pain, not the bigger gain. RLAM’s clear thinking has made it a pleasure to work with them on this project and we strongly commend their approach.”
Edouard Balliere, Head of the Buy-Side Practice for EMEA and Asia at Murex adds “The investment made in the MX Asset Manager platform to answer the specific requirements of our buy-side clients allows us to override developments in favour of customized pre-packaging. RLAM has ambitions plans and we are proud to have our expertise support the strategy of such a prestigious Asset Management player.”