MUREX TO OFFER MX.3 RISK, TRADING AND POST-TRADE SOLUTIONS ON THE AWS CLOUD

MUREX TO OFFER MX.3 RISK, TRADING AND POST-TRADE SOLUTIONS ON THE AWS CLOUD
13.12.2017 06:52 am

MUREX TO OFFER MX.3 RISK, TRADING AND POST-TRADE SOLUTIONS ON THE AWS CLOUD

Trading Systems , Risk Management

Murex, an industry leader in trading, risk management and processing solutions for capital markets, announced they will run their MX.3 technology platform on Amazon Web Services, Inc. (AWS).

With the acceleration of cloud adoption in capital markets, Murex and AWS agreed to collaborate to help clients migrate their Murex application workloads to the AWS Cloud. Murex clients are looking to consolidate more and more of their capital markets activity on the MX.3 platform and this means their need for infrastructure is increasing.

New regulatory requirements are also driving financial organizations to use cloud to scale up their computing capacity. Murex is collaborating with AWS to meet the demand from clients to support deployment of the Murex offering on the AWS Cloud. Murex is working on the validation of a range of deployment scenarios, from using AWS Cloud for bursting grid computing tasks through to complete migration to the AWS Cloud.

Philippe Helou, Co-founder and Managing Partner at Murex, commented, “Our goal is to enable our clients to leverage cloud to improve agility and to meet the ever increasing demand for infrastructure. Financial institutions are looking to the cloud for infrastructure elasticity and increased performance. In particular, grid computing brings tremendous value to our clients, and DBS Bank (DBS) is already live on the Murex risk grid on the AWS Cloud with impressive results. We are delighted to work in cooperation with AWS to ensure a smooth transition for even more of our clients to the cloud.”

David Gledhill, Group Chief Information Officer and Head of Group Technology and Operations, DBS Bank, comments, “We are glad to be the first to benefit from the Murex and AWS collaboration. Murex is at the core of our Treasury and Markets technology platform and we are already reaping the benefits of AWS Cloud’s elasticity for our grid computing infrastructure. In 2018, we expect a reduction of 70 percent of our Murex grid infrastructure cost, followed by a further reduction to 90 percent thereafter.”

 

Frank Fallon, Vice President, Global Financial Services at Amazon Web Services, Inc. said, “The Financial Services industry is constantly trying to balance the trade-off between compliance and innovation. Running risk management workloads on the AWS Cloud can help mitigate many of the issues that impede holistic, cost-effective risk management. We are excited to see DBS running the Murex risk grid on AWS, helping to enable them to realize the benefits of moving to the cloud – agility, elasticity, and not in investing in costly and complex infrastructure.”

Related News

FlexTrade Launches FlexNOW Execution Management System (EMS)

FlexTrade today announced the official release of FlexNOW, an out-of-the-box, broker neutral EMS to address the needs of... Read more »

Side-by-side-integration

valantic and Thomson Reuters intensify their cooperation

The internationally acting companies valantic Trading Solution AG and Thomson Reuters have announced to further intensify their long-standing and successful cooperation. The... Read more »

Rival Systems now offering Value-at-Risk within its award-winning Rival Risk platform

Rival Systems (Rival), an award-winning provider of trading and risk management software, today announced the availability of ... Read more »

Gunvor Joins EITI Transparency Initiative

Gunvor Group, one of the largest physical commodities trading companies in the world, announces its support of the Extractive Industries Transparency Initiative (EITI), the... Read more »

A Unified Voice is Needed for Progress on Digital Trade

As the UN’s E-Commerce Week Geneva and the Commonwealth Heads of Government Meeting 2018 commence, the International Chamber of Commerce (ICC) United Kingdom calls for a... Read more »

QuantHouse Reveals Global Trade and Book Synchronisation Feature

QuantHouse, the leading independent global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App