Murex Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Murex Strengths, Domain Expertise, and Key Differentiators

Murex has emerged as a leader in providing cutting-edge solutions that power capital markets worldwide. Led by a visionary management team, Murex epitomizes the fusion of financial expertise and technological innovation. At the heart of its offerings lies MX.3, a powerful third-generation integrating platform that has witnessed over EUR 1 billion in investment over the past decade. This substantial investment underscores Murex's dedication to pushing the boundaries of fintech and delivering unparalleled solutions to its clients. MX.3 isn't just a platform; it's a testament to Murex's ambitious research and development programs. With a focus on operational excellence and agile collaboration, Murex has created a platform that not only meets the evolving needs of the industry but also anticipates future challenges and opportunities.

Murex Recent Developments

Murex's MX.3 platform, renowned for its robust capabilities, now offers an enriched avenue for accessing ICE's fixed income and derivatives data. This strategic partnership underscores the commitment of both entities to empower financial institutions with cutting-edge tools and resources, fostering enhanced decision-making processes and driving operational excellence. This development not only signifies a pivotal milestone for Murex but also reinforces ICE Data Services' position as a premier provider of essential market data. By synergizing their strengths, these industry giants aim to revolutionize the landscape of capital markets, paving the way for innovation and efficiency.

In October 2021, Murex’s MX.3 platform was implemented at Banorte. Murex’s platform was chosen by Banorte to integrate advanced credit risk mitigation solutions while allowing the organization to introduce a new XVA desk.

Murex had extended connectivity to B-PIPE on the AWS cloud, giving MX.3 users access to a reliable market data feed on the cloud in minutes. Certified on both Microsoft Azure and Amazon Web Services, Murex continues its cloud innovation.

Murex also released MX.3 Control Tower, designed to help managers respond effectively to changing industry trends and needs. This business intelligence solution allows for the monitoring of activities and asset performance, enables users to measure operational risks, and supports better decision making.

Murex Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Murex applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Murex and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Murex MX.3 customers.

Murex Key Enterprise and Cloud Applications

Murex MX.3

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Murex Direct vs Indirect sales

Murex Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Murex Customers

No. of Murex Customers: 300

No. of Murex Enterprise Applications Customers: 300

No. of Murex Cloud Customers: x

No. of Murex Cloud Subscribers: 60000

Murex has more than 300 customers and over 60,000 users running its trading and risk management applications in 60 countries. Utilization of its software has been growing, suggesting that customers have been standardizing on Murex applications and picking up new modules consistently. While the average number of users of a typical Murex client may run anywhere between 10 and 50, some customers such as Bancolombia and Bank of China have seen the number of Murex users reaching 350 and 1,000, respectively. Other key customers include Amundi, BNP Paribas Fortis, Credit Agricole Asset Management, Crédit Mutuel Arkéa, Le Groupe EDF, Calyon, Natixis, UBS Bank, Swiss Re, Credit Suisse, ALPIQ, Total Trading SA, British Petroleum, HBOS TS (London), Lloyds Banking Group, Barclays Capital, BT Global Services, London Clearing House, Bear Stearns (NY), JPMorgan Chase, SAC Capital Advisors, Soros Fund Management (NY), BNY Mellon, Citigroup, Goldman Sachs Investment Bank, Harvard Management Company, Inc., Millennium Partners, NYSE Euronext, Sapient Global Markets, International Fund Services (N.A.) L.L.C., Capital One bank, Caxton Associates, MetLife, Inc., and many others.

Murex Market Opportunities, M&A and Geo Expansions

As of mid-2021, the number of financial institutions choosing the SaaS deployment model has doubled compared to the whole of 2020.

In 2019, Murex invested $125 million in research and development to enrich our platform at many levels, including functionality and underlying technology. It represented around 20% of Murex's revenue, which is a larger share than many big tech companies invest.

In December 2019 Gulf Bank, one of Kuwait’s largest banks has selected MX.3 to modernize and digitalize its capital markets and treasury IT. The decision to select Murex is part of Gulf Bank’s wider re-platforming of its IT landscape in which Murex will be delivering a fully integrated solution for Gulf Bank’s treasury and capital markets functions, which will extend the capabilities of the bank’s treasury operations and enable it to extend its client solutions offering.

Through this new partnership, Gulf Bank will deploy Murex’s MX.3 platform, providing robust technology infrastructure for core and support operations, as well as risk management. Also, this will mean that the global presence of Murex its gonna be expanded in Kuwait.

Murex has developed a strong risk management offer that fits within the wider trading platform, eliminating the gap between front office and risk that traditionally exists in legacy systems. MX. 3 for Enterprise Risk Management, Murex's risk management suite covers both market and credit risk.

The PFE/CVA product has become an additional component of its extensive enterprise risk management offerings, enabling Murex to incorporate best of breed software packages into integrated solutions capable of handling myriads of tasks from trading to processing and from clearing to risk management.

Murex launched an Enterprise FRTB solution as part of its MX.3 platform to address the Basel Committee on Banking Supervision's new minimum capital requirements for market risk. It also has solutions for SA-CCR and Initial Margin regulatory compliance. Murex continues to actively invest in this area, ensuring clients can keep pace with regulatory changes.

Murex Risks and Challenges

In the ever-evolving landscape of Technology Risk Management (TRM), companies like Murex stand at the forefront, providing innovative solutions to global financial institutions. With over 3,000 employees spread worldwide, Murex has established itself as a key player in the industry, catering to a diverse client base that extends far beyond its origins in France. However, as with any thriving enterprise, Murex is not immune to risks – both internal and external – that could potentially impact its growth trajectory and market positioning.

Murex Ecosystem, Partners, Resellers and SI

Bankdata, Murex and Synechron began their partnership which will provide Danish banks with MX.3 as a core shared platform for its utility service in order to rationalize their treasury management and capital markets activities. These services have now been extended to support Ringkjobing Landbobank and Alm. Brand Bank treasury management, coming just six months after the previous go-live. The next scheduled phase of the program will be the onboarding of the remaining Danish banks and the implementation of solutions to comply with FRTB regulation. The MX.3 solution will become available for all banks of the Bankdata consortium. The banks will be able to select the functionality that they require and benefit from a modern cross-asset platform with continuous adaptation to regulatory reform, as well as simpler and more efficient IT infrastructure.

In June 2020 Duco and Murex teamed up to provide clients with a comprehensive data reconciliation solution enabling improved automation and straight-through processing across a range of asset classes.

Through this partnership, MX.3 data is natively available in Duco’s cloud-based SaaS platform allowing Murex clients from the sell-side or the buy-side to easily perform key reconciliations related to their security, collateral, cash positions, and progressively additional financial objects. Murex is constantly investing in MX.3 to simplify operations, increase automation, and reduce operational risk. Sitting at the core of a client’s capital markets infrastructure, MX.3 allows clients to seamlessly leverage Duco’s innovative data reconciliation and integrity services thanks to its openness and ease of connectivity.

A partnership is an important aspect of the Murex strategy during the project delivery and support stages, enabling clients to reduce costs, ensuring smooth project implementation, and providing reliable long-term services. Murex partners include Accenture, Capco, DerivIT, Excelian, Mindtree, Synechron, Capgemini, d-fine, Everis, Exprivia, First Derivatives, Upskills, Indigo Consulting, Maltem Consulting Group, Sapient, Be group, and many others.

Murex Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: