Murex to Open a Satellite Office in Cyprus

Murex, which provides trading, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and processing solutions for capital markets, announced on Thursday the opening of a new office in Cyprus.

The new physical presence came as the company is strengthening its regional footprint in the EMEA region. The office will work as a satellite location to Murex’s Beirut office, which is the company’s center for the Middle East-Africa region and also an essential innovation site.

The office in Nicosia will start operations in July 2021 and will receive support for the Beirut location for initial setup.

A Key Location for Regional Dominance

The company elaborated that Cyprus has been selected after considering several other options for a potential regional office for the company. “Murex is confident that the office in Nicosia will further consolidate its capacity to deliver on its commitments to Murex clients in the long run,” the announcement detailed.

Cyprus will be one of many physical locations of Murex but will be very crucial for its regional expansion. Established in Paris in 1986, the company primarily operates from its four regional offices - Paris, Beirut, New York and Singapore - and also has an additional 13 satellite offices across the world.

Murex’s offerings include a wide range of services for capital market players. Its enterprise solutions cover Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term integrations to cloud and connectivity technologies, and of course, its core risk management systems. The company is closing deals with major players, expanding its footprint within the industry.

Most recently, Murex partnered with PZU Group as a critical technology partner. Additionally, the company integrated the solutions of DDCAP to streamline booking and processing of Sharia-compliant transactions by financial institutions.