Arnaud de Chavagnac, Head of Cloud Marketing, Murex

Paris-based trading, risk, and processing solutions provider, Murex, has announced that its MX.3 platform is now able to be connected with the Bloomberg Market Data Feed (B-PIPE) hosted on AWS. This new development is expected to allow Murex’s customers using B-PIPE, to gain access to Bloomberg’s market data for configuring and running it on the FinTech’s platform.

Arnaud de Chavagnac, Head of Cloud Marketing at Murex, said, “We are delighted to be innovating with Bloomberg on the cloud. The ability to install MX.3 and plug it with the B-PIPE feed on the cloud will bring significant savings in terms of both time and resources to our customers around the world”.

The supplier has stated that Bloomberg’s B-PIPE is expected to provide firms with normalized market data, front office access to its composite tickers, market indices as well as market data for 35 million asset class instruments.

“Cloud adoption in the front office is reaching a tipping point as applications require reliable, cost-efficient access to data,” adds Cory Albert, Global Head of Cloud Strategy for Bloomberg’s Enterprise Data business. “With easier access to B-PIPE’s quality market data on the cloud, Murex clients can focus on generating value from data rather than installing and managing dedicated infrastructure.”

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

by Megha Bhattacharya
Market Analyst at IBS Intelligence