Question 1

What is Murex MX.3?

Accepted Answer

MX.3 is Murex's trading, risk and post-trade platform. Banks and asset managers run it across the trade lifecycle: front-office pricing and trading, market and credit risk, collateral, accounting and back-office operations. It is a single platform covering work that would otherwise sit in several systems, which is why implementing and upgrading it is a programme rather than a project.

Question 2

Is Elenjical a Murex partner?

Accepted Answer

Yes. Elenjical is a Murex Business Partner, and the only one headquartered in Africa. The firm has delivered MX.3 for banks and asset managers since 2013.

Question 3

What does a Murex implementation involve?

Accepted Answer

Scoping what the platform has to do for the desks that will use it, configuring the modules that cover it, integrating with the systems around it, migrating data, testing, and running the cutover. Our consultants are practitioners who know both the platform and the business it serves, so the work gets sized to what it actually takes and the configuration handed over is one your own team can maintain.

Question 4

How long does a Murex upgrade take?

Accepted Answer

It depends on how many versions you are behind, how much of the configuration is bespoke, and how much regression testing your release calendar allows. We run upgrades as a repeatable exercise planned around that calendar, with automated regression testing, so the cost is predictable and the outcome is the new features instead of more technical debt.

Question 5

What happens if we stay on an older MX.3 version?

Accepted Answer

Vendor support and new capability both track the current releases, so regulatory and market changes arrive in versions you are not on. The cost compounds rather than arriving all at once: each release you skip widens the configuration gap, and the wider that gap the more regression testing the eventual upgrade needs. How much this matters depends on how far behind you are and what is on your regulatory calendar.

Question 6

Can Murex run in the cloud?

Accepted Answer

Yes. We re-platform MX.3 onto cloud infrastructure designed for the batch and compute profile your books actually generate, rather than a generic sizing.

Question 7

What is Murex managed services?

Accepted Answer

Once Murex is live, someone has to keep it healthy. Our team takes on the platform and production operations: monitoring, incident response, batch, and routine change, with agreed service levels. Total cost of ownership comes down and your own specialists get their time back for change work.

Question 8

Do you work with buy-side firms as well as banks?

Accepted Answer

Yes. Buy-side delivery has its own shape, covering portfolio management, performance attribution, mandates and the data behind them, and we deliver and support the systems that run it.

Question 9

Can Murex support Sharia-compliant products?

Accepted Answer

Yes. Murabaha, Sukuk, Ijara, Wakala and profit-rate swaps go in on the core trading and risk platform, each with the profit-calculation and accounting treatment it needs. For a bank running an Islamic window alongside conventional books, the two stay cleanly separated across portfolios, profit distribution and reporting.

Question 10

Where does Elenjical deliver Murex work?

Accepted Answer

From five offices: Johannesburg, Dubai, Riyadh, London and Hyderabad. Gulf engagements run from Dubai and Riyadh, African work from the Johannesburg headquarters, and the practice covers Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain, Oman, Jordan and Lebanon alongside Africa, the United Kingdom and India.

Question 11

Do you deliver Murex work in Saudi Arabia?

Accepted Answer

Yes. Elenjical has an office in Riyadh, and the Kingdom is covered directly by the Middle East practice. Sharia-compliant products are part of the standard scope there rather than an add-on: Murabaha, Sukuk, Ijara, Wakala and profit-rate swaps go in on the core trading and risk platform with the profit-calculation and accounting treatment each needs.

Question 12

Do you deliver Murex work in the UAE and Dubai?

Accepted Answer

Yes. The Dubai office is one of Elenjical's five, and together with Riyadh it is where Gulf delivery is run from. Implementation, upgrades, cloud re-platforming and managed production support are all delivered for banks and asset managers in the Emirates.

Question 13

Do you work in Kuwait, Qatar, Bahrain and Oman?

Accepted Answer

Yes. The Middle East practice is run from the Dubai and Riyadh offices and covers Kuwait, Qatar, Bahrain and Oman, as well as Jordan and Lebanon. Engagements in those markets draw on the same Murex team as the rest of the Gulf.

Murex consulting and MX.3 delivery

Implementation and change

Upgrades

Cloud and platform

Managed services and production support

Where we deliver Murex

What MX.3 covers

Capital markets and risk services

Common questions

Talk to us about a Murex programme