Murex is a company that provides financial software for trading, treasury, risk, and post-trade operations for financial markets.
Murex was founded in 1986 in Paris by Laurent Néel and Salim Edde, who were soon followed by Salim’s three brothers and his brother-in-law. Today, the company employs a multi-national force of over 2,200 employees worldwide.
Its main office is in Paris and it has 17 global offices in cities such as New York, London, Dublin, Hong Kong, Beirut, Sydney and Singapore. Murex has customers located in 70 countries. Murex’s platform, MX.3, is used by banks, asset managers, pension funds and insurance companies. Its clients include UBS, the National Bank of Canada, the Bank of China, OCBC Bank, China Merchants Bank, the National Bank of Kuwait, Banorte  and ATB Financial.
Maroun Edde is the current Chief Executive Officer.
In the Truffle 100 rankings for 2020, Murex was recognised as the third largest French software publisher with an announced turnover of 569 million euros.
In 2013, National Australia Bank undertook an overhaul of its trading operations by going live on MX.3 to support its FX trading and processing. MX.3 was first adopted in Melbourne and subsequently rolled out to its international operations on a phased basis.
In 2014, the Singaporean-based bank, DBS, adopted MX.3 in its risk management operations. That same year, Murex partnered with Tullet Prebon, allowing them to use TPI data for internal model validation. Then, in November, UBS announced that it had chosen Murex’s software to replace a large part of its fixed income platform technology, including the booking of trades, valuation and risk management.
In the Truffle 100 rankings for 2016, Murex became the third largest French software publisher with an announced turnover of 460 million euros.
In 2017, China Merchants Bank (CMB) went live on Murex’s MX.3 trading platform to improve the technology at its Shenzhen and Shanghai operations, following the bank becoming one of the first Chinese financial institutions to join the R3 blockchain consortium. Murex took part in the pilot project for Teen Turn in Dublin, an initiative that seeks to create a talent pipeline for women in science, technology, engineering, and mathematics (STEM). Murex announced its partnership with Microsoft, bringing MX.3 into the cloud with certification on Microsoft Azure.
ATB Financial began the first phase of moving its infrastructure and application management into the cloud with the implementation of Murex’s MX.3 Software-as-a-Service (SaaS) in August 2017. In 2020, the final phase in the project was completed as ATB’s commodities desk went live. 
In December of 2017, Murex collaborated with Amazon Web Services to make MX.3 available on Amazon’s cloud platform. MX.3 on the cloud can be used for applications such as development and testing, running production processes, disaster recovery and for accessing cloud-based managed services.
In 2018, Nationwide Building Society went live on MX.3 to replace its legacy system and secure wider funding sources, review pricing rules and implement tighter risk, liquidity and collateral controls. Murex partnered on the project with Sapient Global Markets who delivered testing automation to fast-track deployments.
Italy-based Banca IMI, a subsidiary of Intesa Sanpaolo, migrated its equity derivatives business to MX.3 as part of a technology update for its capital markets business.
Bankdata, a Danish banking IT provider, announced it was expanding its use of MX.3 to its remaining member banks following implementation with Jyske Bank and Sydbank. MX.3 replaces legacy systems, providing one platform covering the whole trade lifecycle and centralising risk calculation, trading and settlement data for real-time processing.
The Depository Trust & Clearing Corporation (DTCC) partnered with Murex to support reporting requirements under the Securities Financing Transactions Regulation (SFTR). Murex’s SFTR solution will link to DTCC’s Global Trade Repository to enable simplified reporting and lower implementation costs.
In 2019, Banorte, Mexico’s second largest investment bank, announced it was extending its use of MX.3 for some of its main risk and compliance functions. MX.3 will enable Banorte to automate and digitize its operations, including counterparty risk, derivatives valuation adjustment (XVA) and collateral management.
Ping An Bank, a Chinese joint-stock commercial bank, adopted Murex’s MX.3 platform in 2019. The bank’s aim was to close the gap between front and back office, enabling its expansion into new areas.
In 2020, Thai bank Krungsri (Bank of Ayudhya) implemented Murex’s IT platform MX.3 to simplify its existing IT infrastructure and improve regulatory reporting transparency.
In 2020, Murex facilitated the first overnight indexed swap derivatives transaction based on the new Thai reference rate THOR for Kasikornbank.
Ahead of the Libor transition, a global effort to reform interest rate benchmarks, Murex is working with banks in Hong Kong to prepare their IT systems.
Corporate affairs and culture
Murex is involved in the Teen Turn programme, an initiative that is seeking to create a talent pipeline for women in science, technology, engineering, and mathematics (STEM). In 2017 Murex sponsored Teen Turn’s pilot project, hosting a two-week work placement at their offices in Dublin where female employees acted as mentors for local students. In 2018, Murex again sponsored Teen Turn, supporting an event for mentors and women in technology in Dublin.
Murex was ranked tenth for companies of 500 to 999 employees in the Les Echos Happy at Work survey of 2018. In 2019, Glassdoor ranked Murex in its top three companies to work for in France.
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