Murex Wins Best Market Risk Solution in the 2009 Waters Rankings

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Waters readers from major investment firms name the Murex solution best in class

Murex won Best Market Risk Solution in the 2009 Waters Rankings. The seventh annual Waters Rankings is an industry-respected award where the winners are chosen by the qualified readers of Waters magazine, a financial IT publication with more than 10,000 readers.

"Due to the events of the past 12 months, Waters created a new category to honor the products and services that help an investment firm monitor market risk. The readers of Waters who work inside investment firms chose Murex for its powerful and comprehensive risk solutions with 16.2 percent of the votes in a competitive race," says Phil Albinus, editor of Waters.

"Having a clear picture of a firm's risk exposure has never been more critical. The readers of Waters trust Murex as the expert solution when it comes to monitoring and mitigating market risk," adds Albinus.

"We are delighted that the massive investment made by Murex in its MX.3 platform has been recognised by the readers of Waters magazine" says Franés Pourprix, Head of Enterprise Risk Management at Murex. "The twenty years of accumulated experience of Murex teams and the MX.3 platform's best-of-breed pricing and analytics for each asset class have been leveraged to deliver a cutting edge solution for enterprise-wide market, credit and liquidity risk. In the current uncertain market environment we find more and more customers including hedge funds, investment managers and financial institutions turning to Murex to equip themselves with next generation risk management and control technology. Our new MXpress accelerated implementation methodology, delivering pre-packaged best practices, has slashed implementation times and is allowing our clients a rapid time-to-market with this platform".

Each year, the readers of Waters are invited to choose the best financial IT services and solutions that help CIOs and CTOs get their job done. This year, more than 1,000 voters filled out the Waters Rankings ballots. The qualified Waters Rankings voters work inside today's leading investment firms, hedge funds and exchanges. Technology vendors and media relations firms were not allowed to vote.

The winners of the 2009 Waters Rankings will be announced in the July 2009 edition of Waters and on the Waters web site: Waters also celebrated with the winners at an exclusive cocktail party and awards ceremony at Metrazur in New York's Grand Central Terminal on June 30, 2009.

About Murex
Building on over 23 years of successful presence in capital markets with over 200 clients and 32,000 users worldwide, Murex has developed an unmatched competence in the design and implementation of cross-asset trading, risk management and processing solutions for the world's leading banks, hedge funds, asset management companies, corporations and utilities. Our motto "Pioneering Again" sums it all up: for nearly two decades, Murex has reinvented itself time and again to offer innovative software solutions adapted to an ever-changing financial landscape. A team of over 1,100 specialists located in Europe, America and Asia is dedicated to providing clients with the best support in the industry.

About Waters
Waters is the leading source for news and analysis in the financial IT arena. Since its launch in 1993, Waters magazine delivers information and insight to the chief information officers and chief technology officers who work inside leading institutional investment firms, hedge funds and exchanges. Waters covers the confluence of business and technology in market data, trading & risk management and infrastructure as well as the human issues of talent management, staff retention and compensation. Waters has more than 10,000 subscribers worldwide and presents all-day conferences, exhibits, and webinars. Each Tuesday, nearly 14,000 subscribers receive the weekly Waters News alert. For more information, please visit

For any questions about Waters Rankings and how to qualify for next year, please contact Phil Albinus, editor for Waters, at phil(dot)albinus(at)incisivemedia(dot)com.

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Jocelyn Wiles

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