Murex Adds Markit Benchmark Pricing To Its Credit Derivative Applications

Software firm Murex said on Friday that it had formed a partnership with Markit Group Limited to offer mutual customers integrated access to Markit credit pricing and reference entity data (RED) via its credit derivatives trading and risk management platform.

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Software firm Murex said on Friday that it had formed a partnership with Markit Group Limited to offer mutual customers integrated access to Markit credit pricing and reference entity data (RED) via its credit derivatives trading and risk management platform.

Murex says the alliance of the Murex risk platform with Markit’s credit data set will allow joint customers to substantially enhance their trading and risk management capabilities with online access to market standard reference entity names together with benchmark credit default swap (CDS) and bond pricing.

“Markit is pleased to establish a strategic relationship with Murex which integrates a leading risk platform with benchmark pricing and reference data for the credit derivative markets,” says Mark Hunt, Director, Product Development at Markit. “This partnership will provide our joint customers with a comprehensive platform for managing global credit trading, risk management and operations activities.”

Maroun Edde, Managing Partner of Murex, says creating an interface between Murex and Markit was “a natural first step of close collaboration between the two firms for the benefit of our mutual clients.”

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