SINGAPORE - Wednesday, October 15th 2014 [ME NewsWire]
(BUSINESS WIRE) -- Murex, the leading provider of cross-asset trading, risk management and processing solutions, is pleased to announce that it has been voted again Number One Technology Vendor in Asia Risk Technology Rankings 2014.
This renewed vote of confidence reflects Murex’s ability to deliver top-edge features at every step of the capital markets value chain. This is best measured through the 12 top rankings won, spanning across derivatives pricing and risk analytics, trading front-to-back and enterprise risk management categories through to the back office. Additional number 1 positions in implementation efficiency and after-sales service acknowledge the distinctive value stemming from Murex’s services and reward its commitment to quality.
Guy Otayek, Chief Executive Officer of Murex Asia Pacific highlights how the latest market shifts are changing technology investment patterns: “Murex used to enter banks via the front office and then expand into risk and the back office. In a number of Asian markets, we are now entering the bank through the risk department due to the emerging regulations and increased complexity.”
Thanks to its know-how and consistent dedication to the market, Murex is the partner of choice of clients in their journey towards transformation and growth.
Nigel Denby, Chief Risk Officer, AmBank Group, comments on their recent choice of implementing Murex’s MX.3 platform: “This successful implementation enables AmBank to replace and deliver a new market risk framework covering Historical Value at Risk calculations, stress testing, back testing, market risk limits, monitoring, compliance checks, risk aggregation, and regulatory reporting to Bank Negara Malaysia. The new MX.3 risk project gives us the capability to handle upcoming changes in the risk regulatory space, and with the recent trends in global markets, we feel confident in meeting those new requirements.”
About Murex Murex has developed an unmatched competence in the design and implementation of integrated trading, risk management, and post-trade processing solutions for sell- and buy-side financial institutions, corporations and utilities across the globe. Drawing from its unique experience in supporting clients through innovation, Murex provides with the MX.3™ platform a vehicle tailored to navigate through the business challenges of today's financial marketplace. A team of over 1,800 specialists is dedicated to providing clients with the best support in the industry.
Global Marketing Communications Manager