Celent places Murex at the top of Front-to-Risk FRTB solutions

Murex receives awards for Advanced Technology and Customer Base

PARIS, 15 February 2017 — Murex, the leading provider of trading, risk management and processing solutions, has been placed at the top of Celent’s recent FRTB vendor chart for overall solution positioning, specifically front-to-risk platforms. Murex has also been named a leader in two categories, Advanced Technology Features and Client Base. The third installment in Celent’s FRTB series, this report provides an in-depth analysis of 15 vendor solutions and aims to assist banks as they review FRTB compliance and market risk management options.

The Celent Advanced Technology and Features award recognizes Murex’s strong track record of staying at the cutting edge of what regulators and clients require, with a cohesive architectural vision, strong product roadmap and extensive pricing and market risk analytics. Celent highlights that Murex’s “… (s)ophisticated FRTB-specific functional capabilities and performance optimization — for example, internal model (IMA) and non-modelable risk factor (NMRF) ‘processing de-duplication’ algorithms are ahead of the curve.”

Murex leads the field in terms of client base and market presence, with demonstrable, early client wins, highlighting a strong momentum for FRTB and market risk. “Murex has the most significant 'market share' in terms of overall number of early client wins and prospecting pipeline among all firms evaluated,” says Celent in the recent report.

Bruno Castor, Head of Market Risk at Murex comments ‘The spirit of FRTB is to more closely align risk and trading. With more than 30 years’ experience as a Front-to-Risk platform, Murex’s solution is ideally positioned. Our strategy is to support banks’ market risk and FRTB compliance needs, while helping them to lay the foundation for future business optimization. We invested early and, after more than three years working on FRTB, we now have a proven solution that limits the hardware footprint, harnesses best practices, and helps control TCO. The response from the market has been very positive and this recognition from Celent further confirms that our vision and approach are on target.”