Murex Receives Top Recognition in WatersTechnology Buy-Side Technology Awards

MX.3 for Investment Management wins highest-profile best overall buy-side product distinction, along with best buy-side risk management initiative over the last 12 months

PARIS, November 22, 2023— Murex is pleased to announce that MX.3 for Investment Management has won two categories at the WatersTechnology Buy-Side Technology Awards, including the highest-profile best overall buy-side product award.

The solution also won the best buy-side risk management initiative over the last 12 months distinction.

These awards recognize the strength of MX.3 market risk capabilities, which leverage the elasticity and cost model of the cloud to manage market risk calculations. MX.3 automatically sizes required infrastructure and provisions just-in-time hardware resources on the cloud needed for market risk calculations. Infrastructure is released once calculations are complete. Financial institutions can launch risk calculations at any time during the day and pay only for what is used.

“Risk managers don’t have to wait for the end of the day to get their reports anymore―they can launch their calculations and what-if scenarios whenever they want because the necessary cloud infrastructure is automatically provisioned on the fly,” said Murex Head of Product Marketing Arnaud de Chavagnac. “This flexibility is highly appreciated―market volatility has been very high in recent years, impacted by the pandemic, the geopolitics crisis and the return of inflation.”

By addressing the inherent weakness of legacy risk systems, MX.3 allows buy-side institutions to run computation intensive risk reports on-demand.

“With the rise of inflation, increased market volatility and ever-changing regulator requests—such as Life Insurance Stress Tests from the Bank of England or regular thematic stress tests from EIOPA—insurance and pension funds are today facing unprecedented challenges. At the same time, asset owners are constrained by the technical boundaries of their legacy risk systems to respond to these challenges,” said Laurent Rhodes, head of the asset management business unit at Murex. “Clients using the MX.3 market risk solution can now leverage cloud elasticity to accelerate on-demand risk reports and extend risk analytics to make more informed investment decisions and comply with regulator requirements.”

Murex is currently assisting several of its clients in the adoption of the cloud-enabled innovation, which is extended to the reporting solution for the buy side. Clients will improve intraday, end-of-day and end-of-period reporting and manage calculations required to produce relevant data points for regulatory reports. Murex is also evaluating additional business solutions with variable, intensive workloads that can benefit from cloud-centric architecture.

This cloudification enables buy-side firms using MX.3 for Investment Management to achieve further consolidation, modernization and cost control of their technology landscape. Discover more in a case study developed with Momentum Metropolitan.

Details on the best buy-side risk management initiative over the last 12 months win are available at WatersTechnology.

MX.3 for Investment Management is a one-stop-shop platform for asset owners, asset managers, and hedge funds looking to manage the whole investment life cycle of their positions, from public to private to the most complex OTC derivatives. Its Investment Book of Record (IBOR) and natively integrated front-to-back risk-to-reporting capabilities provide transparency and operational efficiency and empower investment decision-making.

Learn more about MX.3 for Investment Management.