Escolar Documentos
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TECHNOLOGY RANKINGS
2014
Many banks are now asking how they can undertake this massive
infrastructure change to rebuild their capital markets factories,
industrialising most of it while maintaining an essential degree of
exibility, and do it in the context of constrained budgets
Maroun Edde, Murex
high-performance calculation capabilities,
matched by high-speed, high-capacity data management, in an open architecture that
will integrate with banks infrastructure as
they transform their operations for the new
market conditions and all at signicantly
reduced IT costs.
Many banks are now asking how they can
undertake this massive infrastructure change to
rebuild their capital markets factories, industrialising most of it while maintaining an essential
degree of exibility, and do it in the context of
risk.net
Overall
2014
1
2
3
4
5
6
7
8
9
10
2013
1
2
5
4
3
6
7
8
9
Vendor
Murex
Misys
Bloomberg
Calypso
SunGard
IBM Risk Analytics
Thomson Reuters
Numerix
Moodys Analytics
SAS
%
11.4
11.1
8.6
8.3
8.1
6.3
5.2
4.8
4.7
4.0
2013
1
3
4
2
5
6
7
9
8
Vendor
Murex
Savvysoft
Bloomberg
Misys
Numerix
Calypso
SunGard
Thomson Reuters
Pricing Partners
Fincad
%
13.1
11.9
11.5
10.9
9.6
7.5
6.4
5.2
4.6
4.5
Vendor
Murex
Misys
Calypso
Bloomberg
SunGard
Thomson Reuters
OpenLink
Ion Trading
SuperDerivatives
GFI Fenics
%
13.9
13.4
9.8
8.9
7.6
7.4
6.2
5.0
4.4
4.4
Trading systems
2014
1
2
3
4
5
6
7
8
9=
9=
2013
1
2
3
4
5
6
7
8
9
10
%
13.4
13.2
11.3
11.1
9.5
8.8
8.4
6.0
4.7
4.7
2013
1
2
3
4
Rates
Vendor
Murex
Bloomberg
Misys
Savvysoft
OpenLink
%
15.3
12.0
10.8
10.3
8.2
2013
3
2
1
4
5
Vendor
Bloomberg
Murex
Misys
Savvysoft
Numerix
%
15.1
14.7
10.5
9.7
8.5
2013
1
2
3
Vendor
Murex
Misys
Bloomberg
Thomson Reuters
Savvysoft
%
15.9
13.2
12.6
10.6
9.5
Vendor
Murex
Bloomberg
Savvysoft
Misys
Numerix
%
16.5
14.7
14.5
10.0
8.8
Equities
2014
1
2
3
4
5
2013
2
3
1
4
5
Vendor
Savvysoft
Murex
Bloomberg
Misys
Numerix
%
14.9
14.4
13.7
10.4
8.9
Structured products
Forex
2014
1
2
3
4
5
2014
1
2
3
4
5
2014
1
2
3
4
5
2013
1
2
5
3
Vendor
Numerix
Savvysoft
Murex
Bloomberg
Misys
%
16.2
15.7
14.8
9.9
9.4
Vendor
Savvysoft
Murex
Numerix
Misys
Bloomberg
%
15.5
15.2
12.2
10.6
9.1
Cross-asset
2014
1
2
3
4
5
2013
1
2
3
4
Inflation
2014
1
2
3
4
5
2013
1
3=
3=
2
5
functionality, usability, performance, return on investment and reliability. Nominated technology companies were awarded three points for a rst-choice vote,
two for a second-choice vote and one point for a
third-choice vote.
Only technology end-users were allowed to vote.
Risk conducted a comprehensive due diligence process
and disqualied any votes that were felt to be unfair.
These include people voting for their own rm, or relatives of someone who works in that company voting
for the rm, multiple votes from the same person, multiple votes from the same IP address, proxy votes on
behalf of customers, votes by people who choose the
same rm indiscriminately throughout the poll, votes
by people clearly not involved in the business areas
covered by the poll, and block votes from groups of
people on the same desk at the same institution voting for the same rm.
The editors decision is nal in determining the
validity of votes.
risk.net
Inflation
2013
1
2
3
5
4
Vendor
OpenLink
Murex
Misys
Calypso
Bloomberg
%
14.8
14.6
12.9
9.5
9.5
2013
2
3
1
4
5
Vendor
Murex
Misys
Calypso
Bloomberg
SunGard
%
15.3
14.0
13.0
10.1
8.2
2013
1
2
3
4
5
Vendor
Misys
Murex
Bloomberg
SunGard
Calypso
%
16.8
14.7
10.3
9.6
9.2
2013
1
2
4
3
5
Vendor
Misys
Murex
Calypso
Bloomberg
Thomson Reuters
%
17.2
16.3
11.5
9.5
9.4
Credit
2014
1
2
3
4
5
Vendor
Murex
Misys
Bloomberg
Calypso
SunGard
%
17.1
15.2
12.8
10.4
8.5
2014
1
2
3
4
5
2013
Vendor
1
2
3
4
5
Misys
Murex
Calypso
Bloomberg
SunGard
%
16.7
15.1
12.0
10.5
8.5
Structured products
Forex
2014
1
2
3
4
5
2013
1
2
3
4
Rates
Equities
2014
1
2
3
4
5
2014
1
2
3
4
2014
1
2
3
4
5
2013
1
2
3
4
5
Vendor
Murex
Misys
Calypso
Bloomberg
SunGard
%
16.8
16.2
11.4
10.9
8.0
Vendor
Murex
Misys
Calypso
SunGard
Bloomberg
%
17.9
15.2
13.3
8.8
8.7
Cross-asset
2014
1
2
3
4
5
2013
1
2
3
5
4
System implementation
2014
1
2013
1
Vendor
Misys
%
15.8
Murex
14.5
3
4
5
3=
3=
Calypso
Bloomberg
Thomson Reuters
10.9
10.4
9.2
2014
2013
Vendor
Murex
16.9
2
3
4
5
2
3
5
4
Misys
Calypso
Bloomberg
SunGard
15.2
10.8
9.5
9.4
2013
2
1
3
4
5
Vendor
Misys
SunGard
Murex
IBM Risk Analytics
Calypso
2013
1
2
5
4
3
Vendor
Murex
Misys
IBM Risk Analytics
Moodys Analytics
SunGard
2013
1
2
4
3
5
2013
1
2
3
4
5
Vendor
Misys
Murex
SunGard
Calypso
IBM Risk Analytics
%
16.1
14.7
12.7
10.2
9.8
2014
1
2
3
4
5
Vendor
Numerix
Murex
IBM Risk Analytics
Misys
Calypso
%
15.1
14.6
13.8
10.4
9.6
Vendor
Murex
Misys
Calypso
IBM Risk Analytics
SunGard
%
15.1
13.9
11.0
10.2
9.5
2014
1
2
3
4
5
2013
5
3
1
4
2
Vendor
Moodys Analytics
Misys
IBM Risk Analytics
Murex
SunGard
%
14.2
12.8
11.7
11.1
10.8
Vendor
IBM Risk Analytics
Misys
Murex
SunGard
MSCI
%
13.5
13.2
13.0
10.6
10.4
Risk dashboards
2014
1
2
3
4
5
2013
1
3
4
2
Others
Limit checking
2014
1
2
3
4
5
2013
1
2
4
5
3
2013
1
3
2
5
4
Vendor
Calypso
Murex
IBM Risk Analytics
SunGard
Misys
%
14.5
14.2
13.8
10.8
10.6
2014
1
2
3
4
5
2013
1
2
3
5
4
Vendor
Calypso
Murex
Misys
SunGard
Markit
%
15.9
13.8
12.1
9.6
8.6
High-performance computing
(including HPC servers, GPUs, FPGAs, cloud)
2014 2013
Vendor
1
2
3
4
5=
5=
Murex
HP Autonomy
IBM
3i-Infotech
Oracle
SAS
%
14.4
11.6
10.3
9.2
8.4
8.4
2013
1
5
2
4
3
Vendor
SunGard
Misys
Murex
QRM
IBM Risk Analytics
%
15.3
13.3
13.0
10.7
8.1
risk.net
Hey, big
spenders
Out-of-date systems and Basel III are set to be the biggest drivers of IT spending in 2015, for respondents to the Risk technology
rankings with budget allocated primarily to market risk, data management and regulatory reporting. Clive Davidson reports
model vendor selection 18.6% of respondents say they selected or dropped a vendor for
this reason over the past year, while a further
11.6% threatened to do so. Some vendors are
seeing this as an opportunity, with at least
one, New York-based Numerix, packaging
and commercialising its automated validation
technology to work with banks in-house and
third-party models (see pages 4951).
Data management will get the secondlargest slice of investment in 2015 16.4%,
up 3.4% from the previous year followed
by regulatory reporting with 14.9%. This
suggests the implications of the Basel
Committee on Banking Supervisions
principles for eective risk data aggregation
and reporting capabilities are starting to
sink in. The committee has been keeping a
particularly close eye on global systemically
important banks and the survey indicates a
good portion of banks 41.4% are within
six months of meeting the requirements.
However, 45.1% of respondents say it will
take them another one to two years to bring
their data quality and data aggregation
capabilities up to the levels expected by
regulators. And as an indication of the
scale of the eort some banks still have to
make, more than 10% say they are more
than two years behind, with nearly 2%
expecting to fall short for at least the next
four years. R
29.1%
11.5%
Banking retail
8.6%
Banking wholesale
14.5%
Asset management
No 43.3%
10.7%
Investment banking/brokerage
Insurance
Yes 56.7%
4.1%
7.8%
Consultant
13.7%
0 5 10 1520253035
%
Credit risk
33.1%
Dodd-Frank Act
17.7%
Market risk
1120%
41.9%
2150%
16.2%
50100%
More than 100%
5.9%
5.6%
11.3%
20
30
40
50
10
%
22.2%
Post-merger/acquisition
4.8%
15
33.4%
18.1%
Other
13.9%
Trading
10
2.7%
Basel III
2.1%
Central clearing
8.8%
Mid
16.4%
Operational risk
10%
Emir
14.9%
Data management
2.1%
0
Liquidity risk
Collateral management
Regulatory reporting
6.7%
20
10
20
%
30
44.7%
42.7%
12
No 23%
10.8%
35
No 44.4%
Yes 55.7%
40
610
1.2%
11+
0.7%
Yes 77%
18.6%
10
20
No
45.1%
66.2%
Yes
11.6%
0
20
Zero condence
40
%
60
80
10.7%
24 years
69.8%
Not very condent
50
41.4%
12 years
Quite condent
40
21%
30
12.5%
0.2%
0 10 20 30 40 50 60 70
%
1.8%
46 years
10 20 30 40 50
%
risk.net
OVERALL NUMBER 1
TOP TECHNOLOGY VENDOR
As the capital markets
industry undergoes a
profound transformation
on its way towards
recovered growth, Murex
emerges as the leading
technology partner of that
transformation
TECHNOLOGY RANKINGS
2014
EMEA
BEIRUT
DUBAI
MOSCOW
PARIS
BEIJING
HONG KONG
SEOUL
SINGAPORE
AMERICAS
SYDNEY
TOKYO
NEW YORK
SANTIAGO
SO PAULO
TORONTO
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