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

Cloud computing
Next two years will see increased use of cloud by banks, says Murex's Philippe Helou

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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