Volksbank Goes Live with Murex
Murex 3.1 has now been initiated across the bank's fixed income operation, replacing Summit, in the first phase of the delivery. MXG Team utilized proprietary tools in order to facilitate the automation of Murex's end-of-day processes, and the second phase of the installation will see the project rolled out to support 150 complex derivatives in Volksbank's foreign exchange and money markets business. This will include collateral management and risk measurements such as value at risk.
A spokesperson for MXG Team, in a release, also stated that the migration from Sybase 10-12 within Murex was accomplished in less than half of the standardized timeframe.
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