Murex Leads Financial Institution Energy Risk Management in Chartis Research Energy50 Report

Murex Leads Financial Institution Energy Risk Management in Chartis Research Energy50 Report

PARIS, February 29, 2024—Murex is pleased to win the Financial Institutions Energy Risk Management category in the Chartis RiskTech Energy50 ranking and research report, released this month.

This win represents Chartis’ recognition of Murex’s leading position as a platform provider in the energy market for financial institutions.

In its ranking and research, Energy50 ranked software and technology vendors from a variety of backgrounds across the energy space. Murex’s investments in the commodity and energy space helped it rise 15 places in the table over the past two years, ranking 13th in this edition.

“Murex’s Top 15 ranking and award recognition in Energy50 reflects both its approach and its capabilities,” said Sid Dash, chief researcher at Chartis. “Notably, the company combines a focused strategy – assisting financial institutions as they build energy risk solutions – with a targeted set of tools.”

In developing MX.3 for Commodity Trading and Risk Management, the Murex team has years of collaboration experience with key players, both from financial and non-financial sectors—for example, power and gas, base metals, precious metals, crude and refined products, emissions and agriculture.

"Murex, the top provider of technology for fixed income, foreign exchange, interest rate, and treasury derivatives, has also been recognized for its expertise in the energy risk space with this category win,” said Calvin Ang, senior product manager for commodities at Murex. "This success underscores Murex's outstanding coverage in energy and commodities for trading and hedging, spanning from buy side and sell side institutions to commodity trading houses and power and utilities companies.”

“This recognition showcases the breadth and depth of our single front-to-back-to-risk platform, MX.3, covering crude and refined products, power and gas, coal, base and precious metals, agricultural and emissions, including FX risk from multi-currency commodity deals, without the hassle of integration between different modules nor different platforms,” Calvin said. “We're pleased to consistently climb these rankings year after year. This achievement reflects the continuous investments in our energy and commodity coverage within MX.3 platform."

Murex continuously invests in transversals topics, including pricing models, integration with external proprietary pricing libraries, real-time dashboards, risk—market risk calculation and XVA calculation, for example—and regulations. Constant investment in technical areas, such as APIs, cloud elasticity, grid computing, validation of new database providers, and more, enables the system to leverage the latest technology innovations and lead. In energy and commodities areas, Murex maintains and grows a dedicated group of consultants and developers, as well as a support team. This team works closely with Murex subject-matter experts from market risk, credit risk, back office, finance, integration, and technology to offer a comprehensive front-to-back-to-risk solution.

Chartis is a leading provider of research and analysis on the global market for risk technology. Its goal is to support companies as they drive business performance through improved risk management, corporate governance and compliance. Chartis also helps clients make informed technology and business decisions by providing in-depth analysis and advice on risk technology.

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