Risk.net
Tech vendors played a key role as markets – and market participants – adjusted to Covid-19
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A year into the Covid-19 pandemic, it is clear that the technology sector has been one of the big beneficiaries of changing consumer and corporate behaviour. That doesn’t mean it’s been easy for tech providers to embrace the opportunity.
As an example, take the surge in cloud usage driven by a newly minted army of home-workers: Microsoft saw usage of its Teams videoconferencing and collaboration application skyrocket, as well as its virtual desktop and Xbox Live gaming, creating unprecedented demand for its Azure cloud platform on which these applications operate. In addition, Microsoft had to hive off capacity for organisations providing emergency, medical, research and other pandemic responses.
Risk.net
Alexandre Bon, Murex
Best support for Libor reform: Murex
The MX.3 Ibor reform package covers all relevant business processes across the front office, operations, risk and finance. Key components include impact analysis, support for transition events, risk-free rate (RFR) analytics, RFR instruments and curves, discounting switch for cleared and non-cleared derivatives, and support for hedge accounting transition. Murex is tracking market transformation as it unfolds in areas such as new instruments, models and fallback protocols, and will continuously enrich its reform package accordingly.
Specific components include mechanisms to smoothly run transition scenarios by bulk or individual trade, or security for over-the-counter (OTC) derivatives, loans and securities, and what-if capabilities to analyse profit-and-loss (P&L) and sensitivity effects pre- and post-transition at trade, counterparty and portfolio levels. A simple procedure enables users to perform discount