Murex Wins Best Back-Office Platform in the 2018 Sell-Side Technology Awards
- Murex is recognized by waterstechnology as the leading provider of back-office software solutions for the sell-side -
Paris, 26 April 2018 - Murex, an industry leader in trading, risk management and processing solutions for capital markets, has been recognized as the top back-office platform for the sell-side by waterstechnology, the trusted provider of financial market technology information.
This award highlights the advanced back-office functionality of MX.3, Murex’s single platform for trading and analytics, post-trade and risk management. A panel of industry experts selected MX.3 as the winner of this category following a detailed assessment of the collateral management, corporate action processing, cash and liquidity management, affirmation and confirmation processes, accounting, reconciliations and client reporting capabilities of the most competitive solutions on the market.
MX.3 for Operations and Finance combines a strong cross-asset framework with streamlined standardized and bespoke processes. Available as a standalone solution or integrated in the MX.3 platform, it supports the specific operational challenges of capital markets activities. Murex’s back office solution handles multiple accounting standards, including IFRS9. The system provides a repository of all accounting events related to the trades, settlements and positions managed within the platform. For operations and finance, Murex has over 200 clients including banks, corporates, asset managers, insurance and pension funds, commodities houses, clearing houses and central banks.
Etienne Ravex, Head of Post-Trade Operations at Murex says, “This is our first time entering this award and we are delighted with the result. We have worked closely with clients across the globe to develop our advanced post-trade capabilities and we are very happy to see our hard work and investment recognized by a panel of industry experts. As the market adapts to demanding operational and accounting standards advanced connectivity layers to industry service providers are required. To increase efficiency in post-trade processing and meet regulatory requirements, we continue to invest and evolve our back-office capabilities, ensuring clients have the technology they need to perform at their best.”
This is the second time this month that Murex has received recognition from the industry for the quality of the MX.3 platform, having also been ranked as a leader on the IBS Sales League Table 2018, which tracks global sales of trading and capital markets platforms.