Murex, Alveo Partner to Provide Comprehensive, Data-driven IMS Solution
5 March 2024 – Murex, the global leader in trading, investment management, risk and processing solutions for capital markets, and Alveo, a leading provider of cloud-based market data management services, are proud to announce a new industry partnership.
The partnership brings the Murex MX.3 front-to-back-to-risk Investment Management System (IMS) and Alveo’s leading Financial Data Management solution together to support client data operations and provide MX.3 users with accurate, dependable and auditable data.
The new agreement offers managed data services to Murex buy-side customers as part of the MX.3 for Investment Management solution. The result of this value-added partnership is a comprehensive front-to-back-to-risk IMS solution powered by Alveo’s cloud native data management technology.
“Our partnership with Alveo amplifies the capabilities of Murex’s MX.3 platform, bringing a new level of data intelligence and operational efficiency to the forefront of investment management,” David Bellaiche, the head of Murex’s buy-side business line, David Bellaiche. “This collaboration is a testament to our commitment to innovation, providing our clients with streamlined access to critical data and insights. It plays a crucial role in lowering operational costs, bolstering our clients’ ability to navigate the financial markets with precision and efficiency.”
The partnership benefits Murex clients in key areas. It delivers seamless access to Alveo product master data sets in MX.3 and leverages extensive data model and standard integration libraries. Alveo covers all markets and asset classes including listed derivatives, bonds, stocks, funds, structured finance products, CDS and OTC products, in addition to index data products and corporate actions data.
Using aggregated ESG data from Alveo, the partnership supports ESG investment decisions, including ESG risk ratings, carbon risk ratings, EU Taxonomy information, SFDR data and ESG index data.Customer workflows including regulatory compliance are facilitated by combining accurate information with complete data lineage from Alveo with the market-leading MX.3 regulatory solution.
Data-driven insights help clients act quickly on emerging opportunities.The alliance between Alveo and Murex also reduces onboarding costs by taking advantage of cost optimization and operational efficiency. Alveo solves data management challenges for banks, asset managers, insurers, central banks, clearing houses, and other market infrastructure firms. Its cloud-based data management solutions provide users with self-service capabilities to quickly get the quality data they need.
“We are delighted to be expanding our collaboration with Murex,” said Mark Hepsworth, CEO at Alveo. “We have long worked together on the sell side with many global banks as joint customers, but increasingly work together on the buy-side as well. The buy-side is our fastest growing client segment and firms typically have many different sources of pricing and reference data combined with increasingly data-hungry business stakeholders and more granular external reporting requirements. Effectively aggregating, validating and then putting this data to work in critical business applications such as Murex becomes ever more critical.”
A powerful combination of MX.3 for Investment Management and Alveo EDM solutions opens the door for Murex clients to experience seamless growth without the burden of data operations so they can focus on making the most of industry leading data and drive investment strategies.
About Murex
For more than 35 years, Murex has provided enterprise-wide, cross-asset financial technology solutions to capital markets players. Its cross-function platform, MX.3, supports trading, treasury, risk and post-trade operations, enabling clients to better meet regulatory requirements, manage enterprise-wide risk and control IT costs.
With more than 60,000 daily users in more than 65 countries, Murex has clients across the financial services industry, from banking and asset management to energy and commodities. Murex is an independent company with over 2,700 employees across 19 locations. Murex is committed to providing cutting-edge technology, superior customer service and unique product innovation. MX.3 is specifically designed and engineered to meet the multifaceted challenges of a transforming financial industry. To find out more, visit www.murex.com
About MX.3 for Investment Management
MX.3 for Investment Management is a one-stop-shop platform for asset owners, asset managers, and hedge funds looking to manage the whole investment life cycle of their positions, from public to private investments to most complex OTC derivatives. Its Investment Book of Record (IBOR) and natively integrated front-to-back risk-to-reporting capabilities provide transparency, operational efficiency and empower investment decision-making.
About Alveo
Alveo is the leader in market data integration and analytics solutions for financial services. Focused on optimizing data flows for business user self-service, we provide cloud-native data aggregation and data quality management that enables clients to easily access trusted data while maximizing their data ROI. Through our managed services, we ensure that clients can smoothly onboard, prepare, and validate data for use in operations, trading, investment management, pricing, risk, reporting, and machine learning.
We service a global client base and our award-winning technology provides easy integration into business user workflows and a proven platform for advanced analytics. Through combining deep domain expertise with the latest open-source technologies, we help financial institutions ensure high-quality data, optimize market data cost, and maximize productivity.
*Please note: This press release was originally published under Alveo Technologies. As of the publication date, Alveo Technologies is now known as Prime EDM under Gresham. Any prior Alveo content has been updated to reflect Gresham's current branding and offerings.