Murex’s MX.3 platform won the inaugural Best Product for Capital Markets category. The award recognizes, in particular, the strength of the MX.3 platform's natively available advanced curve analytics, which help clients navigate current market conditions.
Murex also secured its third consecutive Best Structured Products Support System honor. This award recognizes excellence in analytics, innovations in pricing and risk management, and quick response to local markets-specific requirements—clients can quickly launch new structures that address customer needs. This distinction closely follows Murex being named Best Pricing and Analytics Provider at the Structured Retail Products Asia Pacific Awards.
“Murex’s wins highlight the importance of the MX.3 platform for Asia Pacific clients,” said Daijirou Morinaga, APAC managing director and co-head of client services at Murex. “We continue to strongly expand our client list and see projects through to completion. We focus on the latest market and regulatory trends and deliver robust solutions to our clients. MX.3 is widely used by most of our APAC customers cross-asset, front-to-back, across a range of processes and activities. Existing clients continue to expand their scope of usage for MX.3, adding new desks, new activities and new processes. Many of these clients have also replatformed and consolidated their capital markets activities onto MX.3. We are honored to be their long-term partner.”
This past year brought unprecedented challenges and opportunities: market turmoil, SVB crisis fallout, the Credit Suisse fire sale and a secular regime shift for rates and inflation among them. Simultaneously, regulatory initiatives like LIBOR, FRTB and ISO 20022 had to continue apace. Investment in digitalization, sustainable finance, digital assets and more were essential. Morinaga said business support agility enhancement; the ability to launch new products quickly; and the rapid production of analysis without halting major programs were important success factors. Murex and its APAC clients worked closely on complex programs, continuously balancing “run” and “change-the-bank” dimensions.
“To reduce time-to-market, Murex packages local flavors of popular structures,” Morinaga said. “Clients deploy the packs on their specific MX.3 instance, managing the product life cycle from origination to risk, accounting and settlement. With high rates and volatility, capital-guaranteed products coming back, and a structured deposits boom in China, Murex delivered more accelerators in 2022 than previous years. We did not slow down in 2023.”
MX.3 is—among other functions—the evaluation engine for the trading, risk and finance departments to regional APAC clients, as well as global and leading institutions. The Best Product for Capital Markets distinction recognizes that these clients rely on state-of-the-art Murex curves to produce trading and official P&L and risk figures.
MX.3’s complete front-to-back-to-risk structured product solutions, versatile trade representations and analytics integration flexibility were again recognized in the Best Structured Products Support System category. Murex’s out-of-the-box catalog is the market’s largest. It contains more than 350 packaged payoffs, including all regional best-selling structures. The company’s autocallables solution has also gained momentum. These distinctions and continuous pickup of Murex solutions underscore the effectiveness of the company’s strategy in APAC.
Murex Wins Technology Vendor of the Year and Three Risk Market Technology Awards from Risk.net