Risk management. Derivatives. regulation. September 2012

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1 Reprinted from Risk management. Derivatives. regulation September 2012

2 Tech rankings 2012 Overall results All categories 1st 2nd 3rd Points 1 (2) Misys 2 (1) Murex (4=) Calypso Technology 4 (8) SunGard 5 (4=) IBM Algorithmics 6 (9) Bloomberg 7 SAS 8 Moodys Analytics 9 (11) Numerix 10 Financial Software Systems Risk management overall 1st 2nd 3rd Points 1 (2) IBM Algorithmics 3 (3) Murex SAS The Murex factor Paris-based Murex appears to ignore the flurry of merger and acquisition activity around it and gets on with organic growth based on the solid foundations of its cross-asset trading and risk system. The company came a close second to Misys overall, topping the trading systems section overall and winning a number of categories in pricing analytics and risk management, including credit and liquidity risk management. Compliance with evolving regulations and risk management best practice are key priorities for institutions when making decisions on their trading and risk platform investment, says Guy Otayek, chief executive of Murex Asia Pacific, who is based in Singapore. Institutions are also looking for technology support for the development of their business models as they respond to the evolution of the financial markets. Depending on the country and maturity of the institution, some players are looking to expand their activity in structured products, while others focus on industrialising their vanilla business. In both cases, they need to invest in cutting edge platforms, says Otayek. In addition, all market participants are under pressure to reduce costs in their capital market businesses, while keeping the capacity to develop new business lines. This translates into the requirement for an integrated technology platform with sophisticated coverage of each asset class that will enable institutions to upgrade their infrastructure and increase productivity and competitiveness all at once. Bank of China is among those that have taken this approach, implementing the Murex platform for its global business across assets, including risk and collateral management, says Otayek. Derivatives pricing and risk analytics overall 1st 2nd 3rd Points 1 (2) Misys 2 (1) Murex Numerix 5 (4=) Calypso Technology Trading systems (front-to-back) overall 1st 2nd 3rd Points SunGard 4 (4) Calypso Technology 5 Bloomberg 1

3 Tech rankings 2012 Trading systems Commodities 3 OpenLink 5 (3) Bloomberg Equities 3 Calypso Technology 5 (4) Imagine Software Interest rates 3 (3) Calypso Technology 5 Financial Software Systems Credit 1 (1) Calypso Technology 5 (5) Bloomberg Foreign exchange 2 (2) GFI Fenics 3 (3) Murex 4= Wall Street Systems 4= (5) Bloomberg Hybrids 3 (2) Calypso Technology 4 (5=) SunGard 5 Financial Software Systems Derivatives pricing and risk analytics Commodities 3 (5) SunGard 4 OpenLink 5 (4) Bloomberg Equities 2 (4) Murex 3 Numerix 4 Bloomberg 5 (2) Imagine Software Interest rates 3 (4) Bloomberg 4 Numerix Credit 3 (1) Calypso Technology 5 Numerix Foreign exchange 1 (1) GFI Fenics 4 Wall Street Systems Hybrids 3 (3) Numerix 2 Reprinted from September 2012

4 Tech rankings 2012 Risk management Credit risk management 3 (4=) IBM Algorithmics 4 (4=) SunGard Market risk management 1 (1) IBM Algorithmics 3 (3) Murex 5 Bloomberg Liquidity risk management 1 (5) Murex 3= (4) SunGard 3= IBM Algorithmics 5 (2) Moody's Analytics Back office 3 (2) Calypso Technology 5 Rivous Enterprise-wise risk management / cross-risk integration 1 (4) IBM Algorithmics 5 (5) SAS Other Clearing * Vendor 1 Calypso Technology 2 Murex 3 Misys 5 Lombard Risk Collateral management * Vendor 1 IBM Algorithmics 2 Murex 3 Misys 4 Calypso Technology Implementation efficiency 3 Calypso Technology 4 IBM Algorithmics * Not in 2011 rankings * Not in 2011 rankings After-sales service 3 (5) IBM Algorithmics 4= Calypso Technology 4= (4) Bloomberg Methodology Asia Risk surveyed technology users in Asia in July. Respondents were asked to nominate the companies that provide the best products across a range of categories covering: risk management; derivatives pricing and risk analytics; trading systems; and others. For each category, voters were asked to nominate a top three. Companies were then ranked according to the number of first place, second place and third place votes they received (with three points awarded for a first place vote, two points for a second place vote and one point for a third place vote). For the overall categories, votes from individual categories were aggregated, and weighted according to the methodology above, and then converted into a percentage. Asia Risk verified the validity of votes and discounted invalid votes. 3

5 The top #1 ranked Vendor 10 Top #1 including: #1 OVERALL TRADING SYSTEMS #1 IMPLEMENTATION EFFICIENCY #1 AFTER SALES SERVICE THANK YOU FOR AWARDING OUR BUSINESS SOLUTIONS AND ACKNOWLEDGING OUR FULL COMMITMENT TO CUSTOMER SATISFACTION and SUPPORT. To discover how we can build a common success path, please contact us at info@murex.com Paris Beirut Dublin London New York São Paulo Singapore Beijing Hong Kong Seoul Sydney Tokyo

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