“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.”
Murex has partnered with Alveo, a provider of cloud-based market data management services, to integrate Murex’s MX.3 Investment Management System (IMS) with Alveo’s Financial Data Management solution.
The goal is to enhance client data operations and ensure the reliability and auditability of data for MX.3 users, said the provider of solutions for trading, investment management, risk, and processing in capital markets,
Managed data services for Murex’s buy-side customers
This collaboration introduces managed data services for Murex’s buy-side customers, enhancing the MX.3 for Investment Management solution with Alveo’s cloud-native data management technology.
Seamless access to comprehensive data sets, including listed derivatives, bonds, stocks, funds, and more, will facilitate better ESG investment decisions and regulatory compliance for MX.3 users, as well as lower onboarding costs and operational efficiency by leveraging Alveo’s self-service data management solutions.
David Bellaiche, the head of Murex’s buy-side business line, said: “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. 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.”
Mark Hepsworth, CEO at Alveo, commented: “We are delighted to be expanding our collaboration with Murex. 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.”
