Maybe one of the first posts here should be to describe what Murex is (and isn’t). While you can refer to Murex official website, I’ll describe it with my own words.

Murex is a French company with offices all across the world. It was founded in 1986 but has changed drastically since that time. Nowadays it employs 1,500 people (roughly) worldwide with the main headquarters in Paris (where most of the development teams sit), New York, Singapore, etc…

Murex produces 2 softwares: Mx (current version is Mx 3.1, often referred to simply 3.1) and MLC. Mx is a front to back to risk trading software. In simpler terms, a user can prepare and price a transaction then book the transaction, monitor the PL and risk of his/her portfolios. The booked transactions can then generate confirmation and payment messages and accounting entries during the end of day. Risk reports (such as VaR) can then be generated.

MLC is a software for controlling limits. It can be used with Mx or any other trading platform.

Mx covers most if not all asset classes: Commodities, Interest rates (vanilla and derivatives), Foreign Exchange (vanilla and derivatives), Equities and Securities (and derivatives). It is also used for Asset management by various funds.

Murex is often considered leader (as best software) for the different asset classes as per the different survey organized by Risk magazine for instance. The main interest for customers is to be able to choose Murex for a single module or for a full enterprise system. The later is often what larger customers have in mind (and often opt for a tiered approach) as there are large benefits to reap from having a single system rather than multiple: less interfaces, consolidation of all positions, single evaluation engine, etc…

If you have more questions, please feel free to ask in the forum!