# Murex consulting and MX.3 delivery Source: https://www.elenjical.com/murex Elenjical is a Murex Business Partner, and the only one headquartered in Africa. We have delivered MX.3 for banks and asset managers since 2013, with Gulf delivery run from offices in Dubai and Riyadh, covering Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Oman, alongside Africa, the United Kingdom and India. Implementation, upgrades, cloud and production support span the full trade lifecycle, from front-office pricing and trading through risk, collateral, accounting and operations, and come from one team. ## Implementation and change New implementations, module rollouts and the day-to-day change that follows go-live, from one team. Consultants who know the platform and the business it serves size the work to what it takes, and hand over a configuration your own people can maintain. ## Upgrades Upgrades run as a repeatable exercise planned around your release calendar, with automated regression testing. You get the new capability instead of the accumulated debt of the versions you skipped. ## Cloud and platform MX.3 re-platformed onto cloud, with infrastructure sized for the batch and compute profile your books actually generate. ## Managed services and production support Monitoring, incident response, batch and routine change against agreed service levels, so the platform stays healthy without consuming the specialists you need for change work. ## Where we deliver Murex Gulf engagements are run from the Dubai and Riyadh offices, African work from the Johannesburg headquarters, and the practice reaches Europe and India from London and Hyderabad. - Saudi Arabia (Riyadh office) - United Arab Emirates (Dubai office) - Kuwait - Qatar - Bahrain - Oman - Jordan and Lebanon - South Africa and sub-Saharan Africa (Johannesburg headquarters) - United Kingdom (London office) - India (Hyderabad office) ## What MX.3 covers - Front-office pricing and trading - Market, credit and liquidity risk - XVA and collateral - Regulatory and risk reporting - Accounting and finance - Back-office operations and settlement ## Related services - [Murex Consulting](https://www.elenjical.com/services/capital_markets/murex-consulting): Murex Business Partner: MX.3 implementation, upgrades, testing, cloud and managed production support, buy-side and sell-side. - [Risk, XVA & Regulatory](https://www.elenjical.com/services/capital_markets/risk-regulatory): Market, credit, liquidity and XVA risk, with the collateral, margin and reporting that come attached. - [Architecture & Operating Model](https://www.elenjical.com/services/capital_markets/system-rearchitecture): Map the operating model, then simplify the stack that has to serve it. - [Buy-Side Solutions](https://www.elenjical.com/services/capital_markets/asset-management): Buy-side delivery: portfolio, performance and the systems asset managers run on. - [Islamic Finance](https://www.elenjical.com/services/capital_markets/islamic-finance): Sharia-compliant products end to end: Murabaha, Sukuk, Ijara, profit-rate swaps and Islamic windows. - [System Selection](https://www.elenjical.com/services/capital_markets/system-selection): Independent help choosing the right trading or risk platform for your business. ## Common questions ### What is Murex MX.3? 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. ### Is Elenjical a Murex partner? 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. ### What does a Murex implementation involve? 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. ### How long does a Murex upgrade take? 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. ### What happens if we stay on an older MX.3 version? 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. ### Can Murex run in the cloud? 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. ### What is Murex managed services? 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. ### Do you work with buy-side firms as well as banks? 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. ### Can Murex support Sharia-compliant products? 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. ### Where does Elenjical deliver Murex work? 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. ### Do you deliver Murex work in Saudi Arabia? 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. ### Do you deliver Murex work in the UAE and Dubai? 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. ### Do you work in Kuwait, Qatar, Bahrain and Oman? 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. ## Talk to us about a Murex programme Tell us the version you are on and what you are trying to change. We will tell you what the work looks like. [Contact us](https://www.elenjical.com/contact).