ITRS Group Ltd, the leading global provider of performance monitoring and management technology has announced today a further extension of its Developer Programme with the launch of a monitoring solution for Murex, the award-winning provider of cross-asset trading and risk management solutions.
The breadth, configurability and complexity of the Murex solution require a professional monitoring tool to provide real-time metrics on system performance. The Geneos interface is the result of a collaborative relationship between ITRS and Excelian, a consultancy specialising in the financial sector and a Murex top-tier alliance partner.
Increasingly risk management systems are being seen as 'real-time'. Time deadlines such as the need to complete confirmation of payments before day end and the need to react to position movements within specific SLAs are crucial. Additionally, the industry is putting far greater emphasis on understanding upstream and downstream dependencies and the potential impact these might have on end-of-day or overnight processes. Therefore demand for a more real-time view of the post-trade environment, and the drive to ensure that risk systems have the highest possible availability have lead to an increasing demand for ITRS monitoring of these systems.
Jeremy Ward, CEO of Excelian, commented: "Client satisfaction is our ultimate aim and our highest priority. Our clients perceive us as the best in class for the integration of some of the most complex and specialist technologies in the financial services and commodities sectors. Working with ITRS has enabled us to offer clients an end-to-end and real-time view of their Murex landscape."
Kevin Covington, CEO of ITRS, said: "Working with Excelian has provided a great opportunity for ITRS to bring an advanced monitoring solution to a large, combined client base. The Murex trading platform is highly developed and a market-leader with numerous global financial clients worldwide." Covington adds: "Our Developer Programme is continuously expanding to bring tangible benefits to our clients in providing them with sophisticated, flexible, end-to-end monitoring across different segments of financial markets, different parts of the trade lifecycle, technologies and geographies."