Treasury Vendor

REPRINTED FROM

RISK MANAGEMENT l DERIVATIVES l STRUCTURED PRODUCTS

www.murex.com DECEMBER 2007

Risk Technology Rankings 2007

RISK TECHNOLOGY RANKINGS 2007

Regulation, increased product complexity and the growth of algorithmic trading have all increased the need for trading and risk management systems among banks. In this environment, Murex has topped Risk’s technology survey for the third successive year.

Murex marches on

Murex

continues to demonstrate its strength in derivatives trading and risk management in Risk’s 2007 technology rankings, taking top spot overall for the third year running. Despite its single-minded focus, the company is rapidly evolving towards becoming an industrial-size software supplier like Misys, Reuters and SunGard, all of which provide a far broader range of financial applications and services, but which finished below it in this year’s rankings. The Paris-based company provides a cross-asset front- to back-office and risk management system, and now has installations of considerable scale in major institutions across the globe, including India’s ICICI Bank, US life insurer MetLife Spain’s Grupo Santander and the UK’s Bank of Scotland. These institutions point to the strength of Murex’s product offerings and its partnership approach in working with banks as being particularly strong. “We evaluated Murex and found the system significantly superior to competitor products in meeting our requirements with respect to product coverage and pricing, with the advantage of being a single integrated system covering all aspects of a transaction,” explains Amit Sethi, joint general manager of the technology group at ICICI Bank. The bank has already implemented the system for interest rate, foreign exchange and fixed-income derivatives credit default swaps and credit and market risk, and is introducing it for cash forex, equities and other credit derivatives. “The Murex system has helped us build our treasury business almost...