Murex Wins Two Solution Categories in the 2020 Chartis RiskTech100®
Paris, France, 6 November 2019
Murex, a trusted provider of enterprise-wide, cross-asset financial technology solutions to capital markets players, has been recognized by Chartis in its annual RiskTech100® report as a leading market risk solution provider for the sell-side; Murex also maintained its top ten position in this year’s RiskTech100® ranking.
“To address their changing requirements, financial firms are increasingly looking for robust enterprise-wide technology solutions”, said Rob Stubbs, Head of Research at Chartis. “Murex’s two category wins and RiskTech100® ranking reflect its approach to providing integrated risk management to its clients.”
The MX.3 Enterprise Risk and Regulatory suite closes the historical gap between trading and risk management teams. It provides risk managers with the functionality they require for complete risk measurement and management. It ensures that their view of trade, organizational, market data and models is in line with that of front office and finance. At the same time, the system is designed to give flexibility and independence to the risk teams, allowing them to perform intra-day risk computations, to test different market and historical scenarios and models.
It provides traders with a real-time 360° view of the risks generated by any new trade, including cleared and uncleared OTC and exchange-traded, for both vanilla and exotic products. 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 invested heavily in its market risk solution in recent years, evolving the pricing and modelling of financial products in areas such as multi-curve discounting and calibration, as well as expanding its range of regulatory solutions, including FRTB-SA, FRTB-IMA and ISDA SIMM.
Speaking about the wins, Marwan Tabet, Head of Product Evolution for Enterprise Risk Management at Murex says, “We are very pleased to receive these two awards from Chartis this year and to once again be positioned so highly in the RiskTech100 ranking. This result recognizes the value of an integrated platform approach in capital markets and how MX.3 enables financial institutions to take a holistic approach to risk management and regulatory compliance.”