-
Our solutions
- Our clients
With 300 clients and 60,000 users spread across 60 countries around the world, Murex has a truly international client base of capital markets participants.
view all case studies- Insights
- Who we are
Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise.
Visit our awards webpage- Our partners
- Careers
FEB
06BANCA IMI Migrates to Murex's MX.3 and Consolidates Front Office on Single Platform
PARIS, 6 February 2018 — Murex, an industry leader in trading, risk management and processing solutions for capital markets, is pleased to announce that Banca IMI, the investment bank of Intesa Sanpaolo, has successfully migrated its equity derivatives business to Murex’s MX.3 platform and consolidated all front office activities on a single instance.
Equity derivatives follows the migration of credit, commodities, FX and rates to MX.3. The move to the new standardized platform is the final part of a multi-year transformation project at the bank to build a more scalable and up-to-date technology architecture for its capital markets business. A key to the success of the migration, which came in on time and on budget, was the new relationship approach that Banca IMI and Murex developed during the project.
The MX.3 centralized cross-asset platform is bringing a number of business and IT benefits to Banca IMI. It is easier for trading desks to interact as all desks are using the same pricing models and other analytics and data. Having a single point of entry and a single point for reporting avoids any need for reconciliation between systems, and is especially helpful given the many new regulatory requirements facing the bank. As well as being a cost effective solution, the consolidated platform facilitates the configuration and the activation of new features and therefore enables Banca IMI to achieve quicker time to market for new business opportunities.
As part of their collaborative approach, Intesa Sanpaolo sent a number of its staff to work with Murex teams in its Paris headquarters. This provided not only good training for the staff on the operation of the MX.3 platform, but also led to greater understanding between the bank and Murex. As a result of this and the close working relationship throughout the project, Murex now has greater insight into how the bank operates, which makes it easier to develop new functionality or solve issues for the bank when the need arises.
“We wanted to completely renew the IT architecture that supports our capital markets activities, taking advantage of new technology developments and functionality. Part of the project was the upgrade to MX.3, and in doing this, we saw the opportunity to build a new partnership with Murex. We shared a common objective and approach, and made decisions together. Our delivery improved with each stage of the migration, and the final equity derivatives step was a big success,” says Rodolphe Petit, Head of Capital Markets & Treasury Application Management at Intesa Sanpaolo.
“The success of the project was made possible by the partnership and mutual trust we developed with Murex over many years. Now all our trading desks are able to interact easily as they use the same platform with the same analytics and data, and we have just one position keeping system to focus on,” says Cristiano Maffi, Head of Trading at Banca IMI.
Philippe Helou, Co-founder and Managing Partner at Murex adds “Financial institutions are increasingly undertaking multi-year technology transformation projects in order gain the benefits of a single platform. Our partnership with Intesa Sanpaolo group and Banca IMI started 20 years ago and over time the relationship has developed steadily with mutual trust. Italy is a key market for Murex and we are proud to be a close partner of the leading financial institution.”
Latest news
05 May 2025
Murex Wins Most Innovative API Framework/Microservices Architecture for Trading Category via A-Team
10 Apr 2025
Amundi Technology Partners with Murex to Deliver Superior OTC Derivatives Capabilities to Investment Managers
13 Mar 2025
Murex Strengthens Internal Controls, Security Best Practices Commitment with SOC 1, SOC 2 Compliance
Attestation underscores IT, security benchmarks for managed services providers
07 Jan 2025
Bank of Hangzhou Extends Scope on MX.3 with FRTB Solution
Murex deepens cooperation with China's leading city commercial bank
10 Dec 2024
Murex Wins Best Vendor for System Support and Implementation at Risk.net Markets Technology Awards
Company also secures FRTB (IMA) product of the year, Trading systems: structured products/cross-asset distinctions
05 Dec 2024
Murex Nets Two IBSi Global Fintech Innovation Awards
Fintech leader recognized for work with Alinma Bank, wins treasury, Islamic banking categories
03 Dec 2024
Boubyan Bank Completes MX.3 Implementation for Sharia-compliant Treasury Activity
Significant technology milestone reached in IT transformation for Islamic financial institution
08 Oct 2024
Murex, Kaiko Partner to Enhance Real-time Portfolio Management for Digital Assets
Collaboration integrates comprehensive digital assets data into MX.3 platform, extends the reach of cryptocurrency market data and indices
30 Sep 2024
Murex Wins Best Technology Provider for FX Options at Euromoney’s Foreign Exchange Awards
Solution used by over 130 banks and financial institutions around the world
27 Sep 2024
Murex Wins Five Asia Risk Technology Awards Categories
Outstanding result underscores company commitment to fintech innovation and regional leadership
- Our clients