Murex is an IT
application used for trading both exchange traded and OTC financial securities
and derivatives. It is considered one of the leading players in its field and
is famous for supporting FX Options Trading.
Its competitors in the industry are Calypso (from Calypso Technologies), Front Arena (from SunGard), Summit, Mysis, Kondur, WallStreet and a few others. The new entrant into this space is Orchestrade, from ex calypso founders.
Essentially these applications can do 2 things.
1. For exchange traded instruments, trading, position management and the post trade processing are made simpler as all the trade reside at one place and give a complete view (including analytics) to the portfolio manager. Post trade processing also includes Straight through processing.
2. Valuation of OTC derivatives by constructing yield curves, dividend curves, credit curves, FX curves etc. and then using these curves to project and discount cash flows.
Besides the above two primary functions, they can support collateral management, simulation of positions, limits control such as market risk limits, credit risk limits, book size limits etc. Other supporting functions are reporting, accounting & settlements, and interfacing with other IT applications for seamless processing of cash and securities
Its competitors in the industry are Calypso (from Calypso Technologies), Front Arena (from SunGard), Summit, Mysis, Kondur, WallStreet and a few others. The new entrant into this space is Orchestrade, from ex calypso founders.
Essentially these applications can do 2 things.
1. For exchange traded instruments, trading, position management and the post trade processing are made simpler as all the trade reside at one place and give a complete view (including analytics) to the portfolio manager. Post trade processing also includes Straight through processing.
2. Valuation of OTC derivatives by constructing yield curves, dividend curves, credit curves, FX curves etc. and then using these curves to project and discount cash flows.
Besides the above two primary functions, they can support collateral management, simulation of positions, limits control such as market risk limits, credit risk limits, book size limits etc. Other supporting functions are reporting, accounting & settlements, and interfacing with other IT applications for seamless processing of cash and securities
Murex is a capital markets position keeping tool capable of
managing straight through processing front-middle-back office. It covers a huge
variety of asset classes with exotic characteristics. It has limits control,
historical VaR, parametric var, reporting, simulations, accounting, documents
generation, workflows, payments generation, it can measure risk, it has
collateral management, benchmarking, asset management modules..
It is market leader in this sector, and makes big investments in being up to date with the needs of the industry.
It is market leader in this sector, and makes big investments in being up to date with the needs of the industry.
No comments:
Post a Comment