Murex maintains Top 10 position in the latest ranking as well as retaining market risk (sell-side) and integrated trading and risk management solution category winner successes
PARIS, 18 November, 2020 — Murex, the global leader in trading, risk and processing solutions for capital markets, has been recognized by Chartis once again in its annual RiskTech100® report for 2021 as a leading market risk solution provider for the sell-side. Murex also retained its success in the integrated trading and risk management category and maintained its Top 10 position in this year’s RiskTech100® ranking.
RiskTech100® is world-renowned as the most comprehensive independent study of the major global players in risk and compliance technology. It aims to rank the Top 100 risk technology providers and identifies leading players in specific risk and compliance categories.
“Against a background of continued pressure in financial markets, risk management has taken on a new dimension of importance,” said Sid Dash, research director at Chartis. “Murex’s consistent strength on the sell-side is reflected in its top 10 position and award wins in this year’s ranking.”
As part of its long-term product strategy, Murex continues to invest in trading and pricing functions as a strong growth enabler. It provides traders with a real-time 360° view of the risks generated by any new trade across a broad range of financial instruments. Moreover, the platform includes comprehensive “what-if” analysis capabilities, allowing traders to assess margining, hedging or risk-free rates shifting strategies on-the-fly against market limits in real-time.
Murex has made a significant investment in its market risk solution in recent years, evolving the pricing and modeling of financial products in areas such as multi-curve discounting and calibration, as well as expanding its range of regulatory solutions. With the industry moving away from LIBOR and similar benchmarks to Risk-Free Rates, MX.3 delivers a multi-faceted solution covering all aspects of the reforms across the various front-to-back-to-risk business processes. This packaged solution evolves as market transformations unfold to include new instruments, models, and fallback protocols, as well as additional functionalities such as the management of the potential “cliff effect”. The deadlines for IBOR discontinuation also coincide with fundamental market shifts in which Murex provides seamless solutions, such as the SA-CCR (including the CRR2 implementation planned for June 2021), the non-cleared margin rules, the FRTB and the CVA capital charge.
Reflecting on the wins, Marwan Tabet, head of product evolution for enterprise risk management at Murex, says, “We are thrilled to receive these two awards from Chartis again this year. Murex is committed to transforming and integrating risk and trading functions so traders can optimize in real time their total cost of trading thanks to pre-trade analysis including XVA or Initial Margin, and providing risk managers with the functionality they require for complete risk measurement and management. In essence, the MX.3 solution closes the historical gap between trading and risk management teams.”