Murex, the leading provider of portfolio management, cross-asset trading, risk management and processing solutions, announced today that Primus Asset Management has gone live on Murex MX.3.
Primus had selected MX.3 to replace its legacy custom-built system in order to keep up with changes in market practices and support its expansion into new business areas. Murex was chosen after a thorough due diligence process that included hosted and on-premise platforms.
The project has leveraged Murex's MXpress™ accelerated implementation methodology, including pre-production hosting at Murex, to deliver an end-to-end solution for Front Office, Operations, Risk and Finance users in under three months.
Paul Mayne, Director of Technology, Primus, comments "Murex delivered the functionality on-premise in an impressively short amount of time. The Murex team demonstrated extremely strong product knowledge skills which significantly aided the implementation of the product. Our expectations both in terms of the installation and the delivered product have been more than met".
Antoine Mourad, President, Murex North America, adds "we are delighted to have Primus as a client. Their enthusiastic adoption of our platform is a resounding endorsement of the robustness of the Murex solution