Murex, a global specialist in trading, investment management, risk and processing solutions for capital markets, has formed a new strategic partnership with Alveo, a leading provider of cloud-based market data management services.

The tie-up brings Murex's MX.3 front-to-back-to-risk investment management system (IMS) and Alveo’s financial data management solution together to support client data operations and provide MX.3 users with accurate, dependable and auditable data, according to a press release.

The new agreement offers managed data services to Murex buy-side customers as part of the MX.3 IMS solution.