Murex to supply clients with Reech Capital derivatives models

Financial software provider Murex is licensing some of competitor Reech Capital’s products to give its clients access to models to more accurately price and hedge exotic FX options.

Murex plans to integrate parts of Reech’s 'Real' (Real Analytics Library) suite of derivatives modelling software onto its trading and processing platform, Mx G2000. London-based Murex said it has already integrated one of the Real models, the advanced FX stochastic volatility model, onto its system. A spokeswoman for London-based Reech said Murex is paying a set fee for access to the library of models.

Maroun Eddé, chief executive of Murex, said he was keen to link up with Reech Capital because of its proven track record in advanced analytics and to address the strong market demand for more accurate methods of pricing exotic FX options. “Our relation with Reech may extend later to other models from the Real suite,” Eddé added.

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