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Home » News » Business World » Murex to Offer Cloud-Based Trading and Risk Management Solutions
1 month ago | 18-10-2017 | BWI

Murex to Offer Cloud-Based Trading and Risk Management Solutions

Toronto, Canada : Sibos - Murex, an industry leader in trading, risk management and processing solutions for capital markets, announces it has certified its MX.3 technology platform to run on Microsoft Azure.

Since early 2016, Murex has collaborated with Microsoft to bring to market solutions enabling clients' digital transformation. This collaboration has now come to fruition with the availability of support for the Murex MX.3 platform on Azure, as well as the planned integration of Microsoft SQL Server 2016 as a relational database for MX.3.

Murex has certified Azure for its most demanding use cases including GPU-powered solutions for computationally intensive workloads. This enables Murex clients to leverage the flexibility and economies of scale of the cloud to meet new requirements. Those opting to adopt cloud as part of their infrastructure will continue to benefit from the full support of Murex's expert client services teams around the world.

Maroun Edde, CEO of Murex, says "Increasingly we see banks looking for ways to rationalize, simplify, and reduce total cost of ownership. Cloud brings tremendous agility to our clients and is a key enabler of their transformation initiatives. Our clients are accustomed to the highest level of support from Murex and we're now fully confident that we can continue to provide the same high standards of service in the cloud."

Janet Lewis, Vice President of Worldwide Financial Services at Microsoft, comments, "Microsoft is committed to supporting financial institutions in their digital transformation journey, providing firms with the global scale and enterprise-grade security to deploy applications in the cloud. Murex solutions powered by Microsoft Azure provide businesses with the productivity and intelligence to run their most demanding business applications in the cloud."

Philip Wright, Chief Architect at Murex, adds "The choice of Microsoft SQL Server 2016 made sense for Murex and Murex clients due to its availability as a managed service in the cloud as well as being supported by Microsoft for on-premises deployment. For these reasons, SQL Server 2016 will be an enabler for customers' transition from on-premises to cloud."

About Murex (www.murex.com)

For more than 30 years, Murex has been providing enterprise-wide, cross-asset financial technology solutions to capital markets players. Its MX.3 platform supports trading, treasury, risk and post-trade operations, enabling clients to better meet regulatory requirements, manage enterprise-wide risk, and control costs. With more than 45,000 daily users in 60 countries, Murex has clients in many sectors, from banking and asset management to energy and commodities.

Murex is an independent company with 2,000 employees across 17 countries. Murex is committed to providing cutting-edge technology, superior customer service, and product innovation.

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