PARIS - Saturday, February 6th 2016 [ME NewsWire]
(BUSINESS WIRE)-- Murex, the leading provider of integrated trading, risk, and processing solutions, today announced that it has been recognized as the Number One Overall Top Technology Vendor in the treasury and capital markets industry at the Risk Awards 2015 ceremony, hosted by Risk Magazine in London last week. This is the third consecutive year that Murex has won this recognition. This victory is further acknowledgment of the company’s achievements, which have also been highlighted by the Asia Risk Technology Rankings 2015.
Alongside its competitors, Murex’s unique MX.3 solution was evaluated across various categories, including front-to-back-office systems, analytics, risk management and other areas such as global limits management and support services.
“Risk-based regulations are increasing the cost and complexity of technology for most financial institutions” commented Peyman Mestchian, Managing Partner at Chartis Research, “In the meantime there is increasing pressure on profitability and resource availability. This is driving demand for more unified solutions, such as Murex, providing end-to-end support across the value chain, cross asset classes and cross business lines.”
This year’s Technology Rankings indicate a strong backing from the market for Murex's role as a transformation enabler of capital markets and treasury management practices. The company comes first in overall categories for trading systems - front-to-back, derivatives pricing and risk analytics. In individual categories, including limit management, enterprise-wide liquidity management, GPU and implementation efficiency, Murex has cemented its number one position.
Maroun Eddé, CEO of Murex, comments: “To see our industry expertise and our client-centric approach rewarded through a repeated expression of trust and confidence is very gratifying. The scope of recognition reflects the distinctive value-added our clients gain in partnering with us - the depth and breadth of our platform offering and our unique service model.”
Driven by the heightened scrutiny and new regulatory requirements of the post-crisis financial environment, Murex has consistently strengthened its offering, with a strong investment focus on enterprise collateral and risk management solutions. Financial institutions rely on the unique integration of trading and risk provided by the MX.3 platform to address demands for the optimization of capital and balance sheet resources. In an industry concerned with increasing cost and capital constraints, Murex’s flexible technology infrastructure allows users to swiftly adapt to the evolving regulatory framework and address the latest Basel 3 requirements (FRTB, SA-CCR).
Eddé concludes: “Innovation is at the core of our strategy, a strategy that has made Murex the leading vendor of treasury and capital market solutions over the past 30 years. Our support and delivery make us the partner of choice for simplified transformative projects.”
Murex’s innovation roadmap has a complete set of packaging and methodology offerings that allow clients to continuously leverage the platform’s evolution at a lower total cost of ownership.
Since its creation in 1986, Murex has played a key role in proposing effective technology as a catalyst for growth and innovation in capital markets, through the design and implementation of integrated trading, portfolio management, risk management, processing and post-trade platforms.
Driven by innovation, Murex’s MX.3 Front-to-Back-to-Risk platform leverages the firm’s collective experience and expertise, accumulated through its strategic client partnerships, to offer an unrivalled asset class coverage and best-of-breed business solutions at every step of the financial trade lifecycle.
Clients worldwide benefit from the MX.3 platform’s modular set of business solutions, specifically designed to solve the multi-faceted challenges of a transforming financial industry, while relying on the strength of 2,000 dedicated specialists.
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Mireille Adebiyi, +33144053200
Murex Global Marketing Communications Manager