Murex Awarded Best Sell-Side Market Risk Product for 2019
MX.3 Risk and Regulatory Suite a stand out in a competitive category
PARIS, 13 April 2019 — Murex, a leading provider of enterprise-wide, cross-asset financial technology solutions to capital markets players, has been awarded Best Sell-Side Market Risk Product for 2019 by WatersTechnology. Selected by a panel of industry experts, the MX.3 Risk and Regulatory Suite stood out in a competitive category because of its completeness, flexibility and compliance enablement.
In MX.3, a single cross-asset pricing library is leveraged by both front office and risk management teams, natively closing the gap between front office and risk which is inherent in many market risk systems. With a high-performance risk framework, it delivers all VaR methodologies and metrics for internal and regulatory market risk control.
On top of this, GPU computation, “never-twice” risk computation, and cloud compatibility mean that MX.3 has fast become the platform of choice for banks that not only want the tools for compliance, but for the flexibility in gaining a business edge over their capital markets competitors.
Over the past year, Murex has actively supported clients implementing FRTB-enabled enterprise market risk transformation projects. In order to meet the high computational demands of FRTB and given the need to address material pricing gaps inherent in legacy systems, risk management IT transformation investments have become a necessity in many cases. The MX.3 platform supports both the standardized (SA) and internal model approach (IMA) outlined under FRTB to help market participants meet their compliance obligations.
Speaking about the recent win, Bruno Castor, Head of Market Risk at Murex say, “The risk landscape has completely transformed over the past few years, with not only new challenges but new opportunities also. We are on this journey with our clients, listening to their needs and continuously enhancing our solution accordingly. We are delighted to receive this award recognizing the quality of both our product and strategy.”
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