The Murex Partnership Programme creates a new level of cooperation with system integrators by setting up a collaborative framework ranging from solution design to implementation and support services.

Members of the programme can leverage their knowledge through shared best practices, training and certification.

Iridium Consulting will be benefiting directly from the latest innovations of MXpress™, Murex’s accelerated implementation methodology, as it evolves to deliver more pre-packaged content and project best practices.

Ferreol de Naurois, Co-Founder of Iridium Consulting, comments: “The GRA formalizes the strong relationship that Iridium and Murex have formed over multiple years of collaboration. It recognizes the accomplishments we have made to Murex implementations and it will provide the springboard to raise the bar even higher.”

Ziad Chammaa, Co-Founder of Iridium Consulting, also comments, “As the Murex market matures, clients are expecting a higher level of industrialization of their application support. Iridium’s Production Support Services is a response to such changes, with clients seeing the benefits of high quality Murex production support provided for low cost.”

The agreement allows for extensive cooperation on marketing, sales and support between both companies.

Nasri Bejani, Head of Client Delivery Services, Murex, adds: “We are looking forward to developing further our long term relationship with Iridium Consulting. We are confident that their Murex expertise and innovative tools will support our policy of high standards of services and support, as well as our continuous drive for faster and more efficient implementations in the United States.”

The bank needed a front to back treasury platform for derivatives products, including market risk and credit risk management. The Murex implementation, which was delivered in just six months, meets these requirements by supporting all aspects of the derivatives business including trading, structuring, sales, accounting and straight through processing (confirmations, settlements, payments), as well as market and credit risk management.

Guy Otayek, chief executive officer of Murex Asia, comments: “Our proven MXpress methodology is a key factor in enabling us to deliver this IT project to the State Bank of India on schedule and to a high quality, while also minimising risk. Following the successful implementation, we hope to work with the State Bank of India in the future to introduce a front to back office credit derivatives platform. Our work with the bank further strengthens our position in both the Indian and Asian regions as a leading provider of integrated treasury solutions.”

The MX.3 treasury platform is in use by a number of leading financial institutions in India, including public and private sector banks, as well as corporates.

New York, NY (PRWEB) July 31, 2009 — 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: www.watersonline.com. 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 www.watersonline.com.

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.

Team Trade, a financial business consultancy & IT services provider to the financial markets is now
an official member of the Partnership Program developed by Murex S.A.S., the leading provider of
cross-asset trading, risk management and processing solutions.

Team Trade has signed a Global Relationship Agreement (GRA) with Murex to assist Murex clients in
the whole range of activities included in the delivery of MX solutions (implementation, upgrade, and
first level support). The Partnership Programme creates a bridge between Murex and its official
partners developing exchange of information, knowledge transfer, sharing of best practices and
offering qualitative leveraged professional services to the market.

The software solution integration is at the heart of Team Trade’s strategy and the company has been
developing strong skills and relationship with Murex for many years.

Karin Bendayan, Global Head of Marketing, Team Trade, comments: “We are proud to help Murex
and its clients in their implementation, upgrade and support projects in Europe and in the US. In a
period where optimised cost and innovative approaches become crucial for the Financial Industry,
Team Trade’s Expertise around Murex with our multi-talented team of finance and technology
professionals enables us to successfully contribute and support our clients’ projects.”
Nasri Bejani, Head of Customer Delivery Services, Murex, adds: “We are glad to strengthen our
official Partnership Network with the contribution of a trusted partner such as Team Trade. We are
looking forward to a long successful relationship with tangible added value to our common
customers.”

About Team Trade

Team Trade is a Consulting group specialised in information system for the financial services
industry. Team Trade acts as a partner to its local and global clients who want to optimize the
possibilities offered by today’s bounding technology. Our specialisation has given Team Trade
extensive experience in software solutions for the financial markets. All consultants have a double
expertise in both IT and Finance.

Team Trade, was founded in the year 2000 with a team today of over 200 consultants. Our clients
are the world’s investment banks and leading players in the financial services industry with offices in
Paris, Luxembourg, London, Milan and New York.

About Murex

Building on over 22 years of successful presence in capital markets with over 200 clients and 23,000
users worldwide, Murex has developed an unmatched competence in the design and implementation
of cross-asset trading, risk management and processing solutions. Our motto “Pioneering Again”
sums it all up: for nearly two decades, Murex has reinvented itself time and again to escort capital
markets revolutions – each time offering innovative software solutions adapted to an ever-changing
financial landscape.A team of over 1100 specialists located in Europe, America and Asia is dedicated
to providing clients with the best support in the industry.

Murex leverages on over 20 years of software experience with leading sell-side clients to provide buy-side clients with a specialised solution adapted to their requirements. Major buy-side clients rely on Murex today for pricing, portfolio management, valuation, risk analysis, collateral management, processing and accounting of their investments across asset classes.

“We are proud to count Fortis Investments as a global Asset Management reference. The excellent collaboration of the Fortis Investments and Murex teams as well as use of our MXpress™ methodology for accelerated implementation has contributed to make this project a true success and an example for future buy-side implementations.” added Edouard Balliere, Head of the Asset Management practice for EMEA and Asia at Murex.

About Excelian
Excelian provides specialist consultancy, technology and managed support services through its
Murex, Commodities and Technical Consulting practices. It is headquartered in London with additional
branches in New York, Johannesburg and Sydney. With consecutive industry awards in 2007 & 2008
including the Sunday Times ‘Tech Trak’, Excelian has confirmed its place as one of the leading
consulting companies in the Capital Markets and Commodities space.
www.excelian.com

About Murex
With over 1,100 staff located at offices in Paris, New York, Singapore, Tokyo, Sydney, Beijing and
Beirut, Murex is today the default and benchmark system for cross-asset trading, risk management
and processing solutions. For four years in a row Risk Magazine has acknowledged Murex as the
Overall Top Technology Vendor in the risk management and derivatives arena.
www.murex.com

The ODC provides an extension of the new Murex division, CDS (Customer Delivery Services), and serves Murex’s technology needs in system implementation tools and technologies. The first assignments will focus on the Murex MX.3 platform upgrade program and will include report and datamart development and conversions. The current team of Murex consultants at MindTree is approximately 100 people and is expected to grow rapidly and cover the full spectrum of Murex capabilities.

“MindTree and Murex have been working together for several years, and today we’re taking our partnership to the next level,” said Philippe Helou, founding partner, Murex. “Over the course of our relationship, MindTree has demonstrated the ability to provide a talent pool that understands our solutions and we have delivered several successful engagements jointly, including those for some large European, Australian and Asian banks. Combined with our closely aligned corporate values, we feel this partnership will bring seamless professional support and reduced Total Cost of Ownership to our customers.”

Murex focuses its resources and R&D investments on providing the world’s top financial institutions with innovative integrated solutions covering all front-office, risk management and back-office operations while delivering in-depth functionalities for a wide range of asset classes – from basic to the most complex structured and derivatives products. Sell-side financial institutions, utilities, corporations, hedge funds, private banks and asset managers rely upon the Murex MX portfolio to support their capital markets activities and gain sustainable edge.
“MindTree is very excited to be embarking on the next stage of its relationship with Murex. This relationship helps to further deepen our service offerings in the Banking and Capital Markets space,” said Ashok Hegde, vice president, Capital Markets, MindTree. “Murex is a recognized global leader in the Capital Markets, and its selection of MindTree as a preferred implementation and offshore partner is an important endorsement of our industry expertise.”

MindTree’s Capital Markets offerings are structured around the derivatives practice, equity and fixed income, hedge funds, package expertise and architecting and solutions. MindTree’s Capital Markets services encompass Front Office (sales, trades, market making and repossession); Middle Office (risk management, analytics, feed services, trade and decision support); and Back Office (clearing, settlement, accounting, payment and reconciliation services – cash, trade books, and depository system management and reconciliation).

The Credit Awards 2008 – now in their 8th year – are the credit industry’s premier showcase. The poll is conducted by Incisive Research, an independent research agency providing specialist business information operating in the financial market and associated industries. It defines a benchmark for performance in the global credit industry through interviews of the biggest credit investors voting on the best banks and service providers in the credit markets.

Commenting on the award, Antoine Mourad, CEO of Murex North America, said: “Our solution has been recognized as the best for credit derivatives because it has provided our clients, dealers and asset managers alike, with robust and flexible tools to manage their market and operational risk effectively in these tumultuous markets.”

Murex delivers a constantly evolving front to back office platform covering natively all types of credit derivatives and hybrids such as contingent CDS and credit linked interest rate products.

“While the credit crisis has halted investment by those clients most directly impacted by the situation, it has also lead to renewed interest by a variety of market participants in risk management solutions. Overall, we continue to see robust growth in our business in general and in credit derivatives in particular.”

Paris – September 16th, 2008
Murex, the leading provider of cross-asset trading, risk management and processing solutions, announced today that Bancolombia, the largest bank in Colombia and one of the 12 largest banks in Latin America, has selected MX.3 as its new treasury and risk management front-to-back office solution.

MX.3, Murex’s latest generation platform, provides Bancolombia with an integrated cross-asset trading and risk management solution for FX and money markets cash and derivatives, fixed income, emerging market products, interest rate derivatives and credit derivatives.

“Our treasury department is one of our key areas of growth and we were looking for a solution that would help us leverage our operational model while providing us with an integrated state-of-the art risk management framework. We were impressed by the native asset class coverage of MX.3 and its proactive approach to market risk management” said Carlos Alberto Rodríguez López, chief treasury officer of Bancolombia.

“Murex is very proud to partner with Bancolombia and demonstrates once again its capability to deliver solutions adapted to specific needs of capital markets in every region of the world. We consider this new signature as a strategic move that highlights our commitment to reinforcing our presence in Latin America” added Maroun Edde, CEO of Murex. 

Paris – September 16th, 2008
Murex, the leading provider of cross-asset trading, risk management and processing solutions, announced today its latest Professional Services Initiatives, for improved client and partner guidance on the path of accelerated MX.3 deployment at reduced cost.

In today’s global marketplace, financial institutions have to solve the equation of sustaining competitive edge in a context of fast-changing requirements, while managing higher risk stemming from increased operation scales.

“Our clients have been increasingly asking us to help them address this fundamental industry challenge. They consider us as key partners to resolve that equation” says Maroun Edde, CEO of Murex.

As an answer, Murex has set the following ambitious objectives to substantially improve delivery of successive releases of MX.3 to its customers while ensuring a consistent level of quality: multiply by 3 the global capacity to roll-out Murex solutions, divide by 2 average delivery time, extend the Murex Quality Assurance process to cover implementations at customers’ sites.

The latest Professional Services initiatives to achieve those goals have defined a new level of partnership with clients and system integrators by setting up a collaborative framework spanning from solution design to implementation:

- The management of that collaborative framework falls under the responsibility of a new division, CDS (Customer Delivery Services). This division already counts 45 consultants in Europe, Asia and America and is expected to double its headcount in the coming year. Leveraging on the accumulated expertise from management of a number of diversified projects, CDS enhances Murex’s commitment in implementation and migration projects, acting side-by-side with clients and integration partners.

- In order to increase availability of well-qualified Murex resources in the marketplace, CDS has introduced a Partnership Programme to help system integrators upgrade their service offering around the Murex platform. It defines various partnership levels based on geographical reach, functional and technical knowledge and business expertise. The number of Murex Partners joining this program is rapidly growing allowing them to benefit from shared best practice, training and certification.

- CDS is also introducing a new generation of its accelerated implementation methodology: MXpress. This methodology leverages content based on accumulated best practice and aims at delivering substantially improved time to market and reduced project risk. MXpress deploys an interactive process to manage scope definition and fast roll-out based on a catalogue of Murex pre-packaged content. Initial deployments of MXpress have been very promising, covering up to 70% of customer needs across asset-classes and functions from front to back office. The extensive configurability of MX.3 takes care of the remaining 30% under a more traditional project framework.

“I consider MXpress to be one of our most important introductions in years. Finally, we can mix the best of two worlds: Pre-packaging for a time-efficient delivery, and unmatched flexibility of the MX.3 platform for incremental configuration at any time to match evolving business needs” adds Maroun Edde. 

Murex announced today that BlueCrest Capital Management, a leading European hedge fund manager with $ 13 bn under management, is now live on MX.3 for its Multi Strategy Credit Master Fund, a new Structured Credit hedge fund activity.

Farid Amellal, Co-Head of the Multi Strategy Credit Master Fund, from BlueCrest Capital Management said ” We are pleased to partner with Murex on this new fund. The success of this first implementation has provided us with the platform to quickly build up the business and support our trading across the full range of credit products.”

” BlueCrest is a major player in the European hedge fund industry and we are proud to partner with them on this new fund, implemented in record time of 3 months including development of interfaces to prime brokers, market data providers and to the fund administrator.” added Maroun Edde, Managing partner at Murex.