Niche financial software vendor profiles

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  • Hi, where would you place VolanteTech on this Magic Quadrant? Is there any reason why you have not included Volantetech in this profile.
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  • http://www.murex.com/company.phphttp://www.murex.com/partners.phphttp://www.murex.com/webdoc/risk25murex.pdf
  • http://www.gartner.com/technology/reprints.do?id=1-1CSMA9G&ct=121112&st=sgMurexMurex, which is headquartered in Paris, has a strong client base, and brand and global presence, with offerings predominantly centered on Tier 1 and Tier 2 sell-side trading houses. In North America, large hedge funds and asset managers (buy side) now account for its biggest revenue growth.StrengthsFocus to Enhance Risk Management and Process Performance: Murex product development is focused on real-time control and measurement of trading and process cycle operational risks, and the delivery of product enhancements to deal with changing market dynamics, including increased electronic trading volume, clearing and the optimization of collateral. With an objective of reducing total cost of ownership (TCO), Murex is using the workflow capabilities of MX.3 to improve analytical response times.Architecture and Development: Murex's architecture is based on the granularity of service components and the standardization of the services to permit multiple reuse across diverse systems and operating models. To that end, Murex is pursuing an approach that extends beyond SOA to a more applike architecture that will deliver long-term competitive benefits, particularly in the upper-tier market segments, if it is successful. By comparison, the pursuit of SOA by other vendors is generally of a more "coarse" granularity using proprietary services, although they may directly deliver via an electronic broking service or similar method. Although this is not necessarily unique, Murex has also invested extensively in embedding quality control processes during (as opposed to at the end of) development, in system engineering related to just-in-time processes, and in grid computing capabilities. Murex has improved its implementation timelines with the introduction of MXpress.Continuously Adding Strategic Alliances: Murex has partnerships across three areas — system integration, market connectivity and infrastructure. Murex integration partners include Accenture, Capco, Excelian, MindTree, Team Trade, Iridium Consulting, DerivIT and Sapient. Murex typically uses integration partners to manage implementations that are standard (not complex) or in partnership with Murex's own professional services when technical or customer circumstances dictate. Market connectivity partners include firms such as Reuters, Bloomberg and MarkitSERVE. Infrastructure partners cover a range of firms of vendors employed to deliver hardware and software combinations that reduce latency, improve performance and resiliency, and lower TCO.Large Client Base: Murex has been able to attract new contracts in 2011, adding 11 new clients through the end of 2011. Murex's 210 customers cover a broad spectrum of the market, including corporations, banks, insurance companies, utilities, trading groups, hedge funds, private banks and asset managers. More than 80% are Tier 1 and Tier 2 firms.CautionsDemand Management: Murex does not have a formal user group. Customer feedback is on an individual basis, which may slow system evolution and lead to user biases.Risk Diversification: Although Murex has a worldwide presence, the major part of its revenue comes from European business, which was approximately 52% in 2011 — down from 60% in 2010. At the same time, Latin America and China delivered 5% and 3%, respectively, in 2011. The company needs to continue to increase its focus on emerging markets, where it can expand its business and diversify the risk. To that end, Murex has deployed a hub-and-spoke approach to services (client support and implementation), with hubs in Paris, Singapore and New York, as SWAT teams for the EMEA, North America and Asia regions. Remote offices are opened as appropriate near customers and populated with local professional services staff to meet ongoing needs with supporting linguistic and cultural knowledge. Approximately 15 service staff are in Sao Paulo, and Murex is building toward a Mandarin-speaking service staff of 60 to support business growth in China.
  • http://www.gartner.com/technology/reprints.do?id=1-1CSMA9G&ct=121112&st=sgMurexMurex, which is headquartered in Paris, has a strong client base, and brand and global presence, with offerings predominantly centered on Tier 1 and Tier 2 sell-side trading houses. In North America, large hedge funds and asset managers (buy side) now account for its biggest revenue growth.StrengthsFocus to Enhance Risk Management and Process Performance: Murex product development is focused on real-time control and measurement of trading and process cycle operational risks, and the delivery of product enhancements to deal with changing market dynamics, including increased electronic trading volume, clearing and the optimization of collateral. With an objective of reducing total cost of ownership (TCO), Murex is using the workflow capabilities of MX.3 to improve analytical response times.Architecture and Development: Murex's architecture is based on the granularity of service components and the standardization of the services to permit multiple reuse across diverse systems and operating models. To that end, Murex is pursuing an approach that extends beyond SOA to a more applike architecture that will deliver long-term competitive benefits, particularly in the upper-tier market segments, if it is successful. By comparison, the pursuit of SOA by other vendors is generally of a more "coarse" granularity using proprietary services, although they may directly deliver via an electronic broking service or similar method. Although this is not necessarily unique, Murex has also invested extensively in embedding quality control processes during (as opposed to at the end of) development, in system engineering related to just-in-time processes, and in grid computing capabilities. Murex has improved its implementation timelines with the introduction of MXpress.Continuously Adding Strategic Alliances: Murex has partnerships across three areas — system integration, market connectivity and infrastructure. Murex integration partners include Accenture, Capco, Excelian, MindTree, Team Trade, Iridium Consulting, DerivIT and Sapient. Murex typically uses integration partners to manage implementations that are standard (not complex) or in partnership with Murex's own professional services when technical or customer circumstances dictate. Market connectivity partners include firms such as Reuters, Bloomberg and MarkitSERVE. Infrastructure partners cover a range of firms of vendors employed to deliver hardware and software combinations that reduce latency, improve performance and resiliency, and lower TCO.Large Client Base: Murex has been able to attract new contracts in 2011, adding 11 new clients through the end of 2011. Murex's 210 customers cover a broad spectrum of the market, including corporations, banks, insurance companies, utilities, trading groups, hedge funds, private banks and asset managers. More than 80% are Tier 1 and Tier 2 firms.CautionsDemand Management: Murex does not have a formal user group. Customer feedback is on an individual basis, which may slow system evolution and lead to user biases.Risk Diversification: Although Murex has a worldwide presence, the major part of its revenue comes from European business, which was approximately 52% in 2011 — down from 60% in 2010. At the same time, Latin America and China delivered 5% and 3%, respectively, in 2011. The company needs to continue to increase its focus on emerging markets, where it can expand its business and diversify the risk. To that end, Murex has deployed a hub-and-spoke approach to services (client support and implementation), with hubs in Paris, Singapore and New York, as SWAT teams for the EMEA, North America and Asia regions. Remote offices are opened as appropriate near customers and populated with local professional services staff to meet ongoing needs with supporting linguistic and cultural knowledge. Approximately 15 service staff are in Sao Paulo, and Murex is building toward a Mandarin-speaking service staff of 60 to support business growth in China.
  • http://www.ft.com/intl/cms/s/2/173e673a-ee34-11df-8b90-00144feab49a.htmlhttp://dealbook.nytimes.com/2012/03/19/vista-equity-partners-to-buy-misys-for-2-billion/
  • http://www.ft.com/intl/cms/s/2/173e673a-ee34-11df-8b90-00144feab49a.htmlhttp://dealbook.nytimes.com/2012/03/19/vista-equity-partners-to-buy-misys-for-2-billion/
  • http://www.sungard.com/pressreleases/2008/gltradeacquired100108.aspx
  • http://www.ft.com/intl/cms/s/2/173e673a-ee34-11df-8b90-00144feab49a.htmlhttp://dealbook.nytimes.com/2012/03/19/vista-equity-partners-to-buy-misys-for-2-billion/
  • http://dealbook.nytimes.com/2011/09/01/ibm-to-buy-algorithmics-for-387-million/
  • http://www.numerix.com/products-and-serviceshttp://www.numerix.com/partner-list
  • http://www.moodysanalytics.com/Products-and-Solutions/Access-Online-Products.aspxKMV Model in Credit Risk
  • Niche financial software vendor profiles

    1. 1. Financial Software Vendor Profiles
    2. 2. Murex Complete Front office, middle office and back officeapplications (Treasury solutions), PortfolioManagement, Collateral Management etc Positioned as a "Leader" in the 2012 Gartner Magic Quadrantfor Treasury and Trading Core Systems Ranked in top positions in Asia Risk Technology Vendorrankings 2012 (#1 in Credit Risk, Op Risk and Liquidity Risk) CEO:- Maroun Edde Alliance Partners:- Accenture, Capco, IridiumConsulting, Excelian, Team Trade, DerivIT, Mindtree etc Business Partners:- Everis, Maple Risk, Sapient, CapGemini, Maltem, Upskills etc Recent Implementations:- National Australia Bank- MX.3 FXCash Solution (front-to-back) Growth Focus:- Organic
    3. 3. Murex Headquarters:- Paris Major clients:- Hedge Funds and Asset Managers Strengths (Gartner):- Focus to enhance risk managementand process performance, architecture and development,strategic alliances and large client base Cautions (Gartner):- Demand Management (No Formal UserGroup) and Risk Diversification (52% revenue from Europe)
    4. 4. Calypso Front Office, Back Office, Buy Side, Clearing, Treasury, Collateral and Securities Finance etc are supportedby Calypso suite of products Positioned as a "Leader" in the 2012 Gartner MagicQuadrant for Treasury and Trading Core Systems Well represented in Asia Risk Technology Vendor ranking 2012(visibility in Interest Rate/Credit DerivativesTrading/Pricing, Back Office etc) CEOs:- Charles Marston and Kishore Bopardikar Ocean Partners:- IBM, Accenture Business and Service Partners:- CapGemini, Cognizant, Deloitte, BearingPoint, TeamTrade, Catalyst, Headstrong etc Recent Implementations:- EADS, Renaissance Capital Growth Focus:- Organic
    5. 5. Calypso Headquarters:- San Francisco Major clients:- Banks (Citi, ING, Busan Bank, BNP Paribasetc) Revenues:- USD 200 million (2011) Strengths (Gartner):- Organic Growth, RapidImplementation, Strong Risk Management, StrategicAlliances, Vendor Visibility, Strong balance sheet Cautions (Gartner):- Contract length (5 years), no formal usergroup, and recent M&A activities
    6. 6. Misys Misys was formed by the merger of Misys and Turaz (Kondor+of Thomson Reuters). Owned by Vista Equity Partners Core Banking, Treasury and Capital Markets and InvestmentManagement Software Products Misys falls in the Leaders/Visionaries in Gartner Quadrant forTreasury and Trading Core Systems but is well behind Calypsoand Murex Ranked in top positions in Asia Risk Technology Vendorrankings 2012 (#1 in Op Risk, Forex and Equity Trad #2 inCredit Risk, Liquidity Risk, Market Risk, Back Office etc)Overall #1 CEO:- Bret Bolin Partners:- Everis, HCL, HP, IBM, Intel, ITCInfotech, Microsoft, Numerix, Open Text, Oracle, PricingPartners, Red Hat, Sybase Recent Implementations:- Growth Focus:- Inorganic
    7. 7. Misys Headquarters:- UK Major clients:- Revenues:- GBP 370 million (2011) Strengths (Gartner):- Growing Business Activity, Global andBroad Banking Presence and Configurability Cautions (Gartner):- Mixed Solution Portfolio, IntegrationFramework, Product Roadmap, Functional Overlaps
    8. 8. Sungard Apart from software for financial services, Sungard alsoprovides software for K-12 Education, Public sector etc Has a wide range of software for different areas in financialservices such as Alternative Investments, Banking, WealthManagement, Brokerage, Insurance, Energy, Commodities etc Just Falls in the Leaders/Visionaries in Gartner Quadrant forTreasury and Trading Core Systems Ranked overall #4 in Asia Risk Technology ranking 2012 and#1 in Asset-Liability Management CEO:- Russ Fradin Growth Focus:- Inorganic (Acquisition of GL Trade for $1billion)
    9. 9. Sungard Headquarters:- Wayne, Pennsylvania (USA) Major clients:- Revenues:- USD 5 billion (2011) – across all businesses Strengths (Gartner):- Product Coverage, RegulatoryReporting, Strategic Partnership (Fiserv), ProfessionalServices Cautions (Gartner):- Product Overlap, Functional Gaps etc
    10. 10. Magic Quadrant for Treasury andTrading Core Systems (2012)
    11. 11. Algorithmics Owned by IBM ALM, Credit Risk Management, Operation Risk, FinancialModeling etc are significant offerings President & COO:- Dr. Michael Zerbs Headquarters:- Canada
    12. 12. Numerix Pricing (Derivatives), Risk Management and Asset LiabilityManagement products are available from Numerix Strong support for Quantitative Finance Ranked in Asia Risk Technology 2012 rankings in the categoryfor Derivatives Pricing and risk analytics CEO:- Gregory Whitten Headquarters:- New York
    13. 13. Superderivatives Provides Trading Platform, Derivatives Pricing, RiskManagement and Market Data CEO:- Dr. David Gershon
    14. 14. Moody’s Analytics Credit Risk, Enterprise Risk Solutions, Economic andConsumer credit analytics A Part of Moody’s Corporation Latest acquisitions:- Fermat, enb consulting, CSI GlobalEducation Growth Focus:- Inorganic President:- Mark Almeida Headquarters:- New York

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