Murex moves flagship trading and risk system on to cloud
Vendor expects more demand from squeezed banks; move also hints at modular future for risk systems
Murex is making its flagship trading and risk system, MX.3, available via Amazon’s cloud platform, in a bid to cut costs for its users.
The move is significant because few large-scale risk systems have made the leap to the cloud so far. Analysts cite twin obstacles – making complex software available in this way involves a lot of re-engineering if users are to benefit from the scalable processing power that is cloud’s key selling point, while vendors have been loath to undertake this work if
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