Murex announced today that Shinhan Bank, one of Korea’s top five banks, is now live on MX.3 for its front office interest rate derivatives and foreign exchange options activities. Shinhan Bank selected Murex in March 2007 and has now deployed MX.3 to front office traders and marketers in Korea.
Lee Yoon-ho, senior FX Option trader, from Shinhan Bank said "We are extremely pleased to notice that, in less than six months time, MX.3 is now live on both our interest rate derivatives and foreign exchange derivatives trading desks. Partnering with Murex has allowed us to benefit from a powerful solution and from the company’ s solid experience in providing implementation advisory services. We are now looking at extending the use of MX.3 to exotic products. "
Guy Otayek, ceo of Murex Asia Pacific, said "Our primary goal is client satisfaction at every step, from rapid development to successful implementation and high quality support. We are proud to include Shinhan bank in our client community and we are looking forward to pursuing the building of our partnership."