Murex, the global leader in trading, risk and processing solutions for capital markets, has won the Best Integrated Middle-Office Platform category at the Buy-Side Technology Awards 2020, hosted by WatersTechnology.
A panel of industry experts chose the winners with the aim of recognizing the leading technologies and third-party vendors in their area of expertise through an auditable and transparent methodology.
An integrated middle-office platform has become increasingly valuable to support the investment process including ESG strategies and alternative investments. The Murex solution integrates centralized positions, orders and trades representation across a wide range of financial instruments including OTC derivatives, and is completed by a comprehensive valuation engine. This eliminates the breaks through the value chain and streamlines complex and costly processes such as corporate actions and credit events. MX.3 also connects effectively to key market infrastructures such as execution venues, custodians, fund administrators, general ledgers, as well as to internal real-time BI tools allowing clients to perform on-the-fly data analysis, which proved critical during the high volatility observed earlier this year. Murex has recently invested to achieve this level of integration, which has now been recognized by the industry.
“An integrated middle-office solution is today considered a must-have by the industry for reduced operational risks to efficiently support the investment process," comments Mohamed Turki, head of the asset management practice at Murex. “There is a growing demand for stronger collaboration between the front-, middle- and back-office to achieve more effective communication channels, and this is something Murex has recognized and addressed. Naturally, this brings operations, risk, performance, and compliance teams closer together, eliminating knowledge silos. We at Murex are extremely gratified for this important middle-office space distinction.”
In recent years, MX.3 addressed several emerging trends in the middle-office space, including:
- Rationalizing the number of business applications and improving process efficiency, driving toward simplicity throughout the systems infrastructure.
- Complying with a changing and complex regulatory environment that places significant demands on the middle-office organization’s people and technology, which requires significant investment in infrastructure and processes.
- More transparency and reporting, including new approaches to risk management and increased digitalization, positioning the integrated platform at the heart of the technology landscape for the investment manager.
- Years of low interest rates have forced investment managers to diversify into more investment vehicles and strategies to boost returns. MX.3, with its unrivalled product coverage, facilitates access to a large range of products and markets through a single unified platform.
Ultimately, to meet these market trends, Murex has made a significant research and development investment in its SaaS integrated middle-office platform to consolidate its leadership status and will continue to invest in the future to anticipate oncoming industry challenges.
Speaking on this success, Victor Anderson, global content director of WatersTechnology, said “Murex wins the best integrated middle-office platform category in this year’s Buy-Side Technology Awards 2020, thanks to its outstanding MX.3 for Investment Management offering. This win is testament to the investment Murex has made in its middle-office infrastructure and processes in recent years.”