Looking for a quality assurance, IT risk, or testing partner? Then you need access our expertly researched resource tracking the most important 500 service providers, from the largest to the most specialist.Sign up now
Murex to run flagship risk, trading and post-trade solutions on the AWS Cloud
Murex, the Paris-based specialist in trading, risk management and processing solutions for capital markets, has announced that its MX.3 trading and risk system can now be run on the Amazon Web Services (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.”
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. New regulatory requirements are also driving financial organisations to use the cloud to scale up their computing capacity. 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.
Multinational banking and financial services corporation DBS Bank is already using the Murex risk grid on the AWS cloud and are seeing impressive results, says David Gledhill, Group Chief Information Officer and Head of Group Technology and Operations, DBS Bank. “We are glad to be the first to benefit from the Murex and AWS collaboration,” explains Gledhill. “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% of our Murex grid infrastructure cost, followed by a further reduction to 90% thereafter.”
Frank Fallon, Vice President, Global Financial Services at AWS 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”.