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BlueCrest Capital Management goes live on Murex’s MX.3 for credit derivatives

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Murex has announced that BlueCrest Capital Management, a European hedge fund manager with USD 13bn under management, is now live on MX.3 for its Multi-Strategy Credit Master Fund, a new st

Murex has announced that BlueCrest Capital Management, a European hedge fund manager with USD 13bn under management, is now live on MX.3 for its Multi-Strategy Credit Master Fund, a new structured credit hedge fund.

Farid Amellal, co-head of BlueCrest’s Multi-Strategy Credit Master Fund, says, ‘We are pleased to partner with Murex on this new fund. The success of this first implementation has provided us with the platform to build up the business and support our trading across the full range of credit products.’

Adds Maroun Edde, managing partner at Murex, ‘BlueCrest is a major player in the European hedge fund industry and we are proud to partner with them on this new fund, implemented in record time of three months including development of interfaces to prime brokers, market data providers and to the fund administrator.’

Murex specialises in the design and implementation of cross asset trading, risk management and processing solutions for the world’s top financial institutions, hedge funds, asset management companies and corporations, building on a presence of over 20 years in capital markets with over 200 clients and 22,000 users worldwide,
 
Featuring extensive product coverage and leading functionality in each asset class, MX.3 supports the entire trading, risk management and processing life cycle of interest rate, foreign exchange, equity, credit and commodity instruments.

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