Murex Wins Best Sell-Side Compliance Product in WatersTechnology Sell-Side Awards

Category victory highlights how MX.3 and the fintech’s global team helps firms meet regulatory requirements

PARIS, April 8, 2024—Murex, the global leader in trading, risk, and processing solutions for capital markets, is pleased to announce that the Sell-Side Technology Awards has selected its MX.3 integrated platform as the Best Sell-Side Compliance Product this year.

This category win, determined by a WatersTechnology judging panel, recognizes the vendor that delivered an outstanding technology solution to help in regulatory compliance for the sell side. This award highlights industry recognition of the extensive coverage and flexibility of the MX.3 platform in the regulatory context, along with Murex team expertise in helping customers comply with regulations.

As an illustration, Murex collaborated with the Peruvian financial institution Interbank to comply with a local interpretation of IFRS 13 requiring banks to use bid-ask spreads to adjust the fair value of derivatives in their trading books. For more information on how Murex assisted Interbank comply with a fair value determination request from the regulator, read this blog post from Murex Solution Architect Nuria Pereira.

Recognizing that regulatory challenges often extend beyond individual financial institutions and regions, Murex has built a global network of experts who collaborate on addressing local requirements such as fair value calculations in various jurisdictions. The fair value adjustment solution was first elaborated and tested on representative use cases.

Murex helps customers to be as autonomous as possible as they manage local interpretations of regulations for fair value calculation. Beyond this use case, Murex tracks the evolution of existing regulations and the emergence of rules that impact how financial institutions identify, measure and mitigate financial, operational and technical risks related to resiliency and cybersecurity.

“This award celebrates the extensive coverage and flexibility of the MX.3 platform in the regulatory context,” said Murex Americas Co-head Joe Iafigliola. “It also recognizes the expertise of the Murex teams to accompany its customers and to comply with ever more complex regulations. Regulatory dynamics keep engaging our customers’ focus. They expect us to leverage our deep expertise, our service and the wide coverage and openness of MX.3 so that the regulatory burden can be converted into a competitive advantage.”