Murex Consultant Interview Questions and Answers

Updated 5 Jan 2025

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Q1. What is different between forward and futures

Ans.

Forwards are customized contracts between two parties while futures are standardized contracts traded on exchanges.

Forwards are traded over-the-counter while futures are traded on exchanges
Forwards are customizable in terms of contract size, delivery date, and delivery location while futures are standardized
Forwards have higher counterparty risk while futures have lower counterparty risk due to the involvement of a clearinghouse
Forwards require a higher initial investment whi...read more

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Murex front end office is a user interface for traders to manage trades and risk in real-time.

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Yes, I have been involved in binary upgrade testing of Murex.

I have experience in testing Murex upgrades from version 2.11 to 3.1
I have worked on testing the compatibility of Murex with different operating systems and databases
I have also tested the integration of Murex with other systems such as Bloomberg and Reuters
I have experience in creating test cases, executing tests, and reporting defects
I am familiar with Murex testing tools such as MXTest and MXVerify

Ans.

Workflows in Murex are a series of steps that automate business processes.

Workflows can be used to automate trade processing, risk management, and settlement processes.
They can be customized to fit the specific needs of a business.
Workflows can be triggered by events such as trade creation or modification.
They can also be used to send notifications and alerts to users.
Murex provides a graphical interface for designing and managing workflows.

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Ans.

Capital markets refer to financial markets where long-term securities such as stocks, bonds, and derivatives are traded.

Capital markets are where companies and governments raise funds by issuing securities.
These markets are also used for trading existing securities between investors.
Examples of capital markets include stock exchanges, bond markets, and commodity markets.
Capital markets play a crucial role in the global economy by facilitating the flow of capital between inves...read more

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Backend office in Murex is a module that handles post-trade processing and risk management.

Backend office is responsible for trade confirmation, settlement, and accounting
It also handles risk management tasks such as limit monitoring and collateral management
The module integrates with other Murex modules such as Front Office and Risk Management
Backend office can be customized to meet specific business requirements

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Ans.

MXML is a markup language used for defining user interfaces in Adobe Flex applications.

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A binary upgrade is a software upgrade that involves replacing the existing version with a new version without changing the data format or structure.

Binary upgrades are typically faster and easier to implement compared to non-binary upgrades.
They are commonly used in software applications to ensure compatibility with existing data and configurations.
An example of a binary upgrade is updating a software application from version 1.0 to version 2.0 without requiring any changes ...read more