Paris-based public investor Caisse des Dépôts (CDC) has selected Murex’s MX.3 platform in a bid to support its front to back-office asset management activities.

Jean Gabriel Edde, Partner at Murex commented, “We are delighted to be working with CDC, providing them with the technology and support to meet their evolving needs. A strong partnership has developed during this project and we look forward to collaborating closely with the team at CDC on the next steps of their IT transformation journey.”

According to the supplier, MX.3 assists financial institutions in consolidating their asset management business on one system. It also allows users to validate, select and distribute market data. The capital markets platform supports treasury, trading, risk and post-trade operations and facilitates better management of enterprise-wide risk, IT costs and is expected to enhance efficiency.

Recently, Murex was selected by World Bank with an aim to assist the latter’s treasury activities.

Established in 1816, the Caisse des Dépôts et Consignations (Deposits and Consignments Fund) is a French public sector financial institution and part of the government institutions under the control of the Parliament. It is described as the investment arm of the French State and addresses the general interests ad economic development of French territories.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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