Murex strikes twice as Overall Number One Technology Vendor in both Risk and Asia Risk Technology Rankings for the second year in a row.
Murex’s acknowledgement in recent industry rankings reflects the company’s success in positioning its MX.3 platform as the technological answer to the New Normal in banking and capital markets.
Murex, the leading provider of integrated front-to-back-to-risk solutions for capital markets and investment banking, is pleased to announce its top position in the 2014 Technology Rankings. Risk Magazine’s industry-leading annual survey nominates top vendors, based on the expression of confidence of market practitioners who use technology along the complete trading value chain. This recognition follows Murex’s designation as Overall Number One Vendor in the 2014 Asia Risk Technology Rankings earlier this year.
Throughout its three decades of experience, Murex has consistently been recognized as a forerunner in delivering innovative technology adapted to market requirements.
In recent years, Dodd-Frank, EMIR and Basel regulations, as well as economic uncertainty, have deeply affected the industry, driving banks to redefine their business models and implement massive infrastructure changes in a context of strong cost and capital constraints. Strengthened real-time risk controls, computing-intensive calculations, and heavy data aggregation are some of the factors blurring the lines between front office and risk management desks, and requiring an unprecedented level of integration and performance.
Having been designed from inception to overcome the best of breed versus integrated systems debate, the MX.3™ platform has repeatedly proven in the field to be the perfect fit to the new challenges the industry faces.
“Murex has played a strategic role in accompanying banks through their transformation process, guiding them through a better understanding of the practical implications of the new regulatory framework and towards a cost-efficient simplification of their IT ecosystem”, comments Maroun Edde, Group CEO.
In addition to being named Overall Number 1 Vendor, Murex tops 14 categories including Trading Systems front-to-back, Pricing and Analytics, and High performance computing. Murex saw the value of its strong enterprise-wide risk management product offering acknowledged with N° 1 positions for both Enterprise-wide credit risk management and limit checking. Finally, a top position for System implementation efficiency rewards Murex’s quality of service and the innovative implementation methodology of its MXpress™ solution.
As the regulatory landscape continues to evolve, Murex maintains its strategy of high investment in research and development, bringing innovative business solutions to its clients. In 2014, Murex released MX.3 for Collateral Management, a comprehensive enterprise-wide solution covering cross-margining, collateral inventory optimization and regulatory compliance. Recently, Murex uncovered its new Market risk framework, featuring a complete offer for the Internal Model Method (IMM) and anticipating compliance with the Basel III Fundamental Review of the Trading Book (FRTB).
“We have the platform, the right level of expertise, an industrial organizational model, efficient processes and methodologies to support our clients and help them evolve at a controlled cost. Our most valuable asset, however, lies in our people and their ability to maintain a first-class level of service, which is quite unique in this industry”, concludes Maroun Edde.