Murex MX.3 Innovation: Turning Collateral Management into a Revenue Opportunity
MUREX SAS (“Murex”), the leading provider of cross-asset trading, risk, and back-office solutions, announces the release of its fully overhauled MX.3™ for Collateral Management solution, designed to better support sell-side and buy-side financial institutions in creating an effective pre and post-trade collateral optimization framework.
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The most recent regulatory developments (BCBS/IOSCO, Basel III) are reinforcing collateral management as a core function of the capital markets value chain, requiring a centralized and unified infrastructure to overcome inefficiencies of internal and external fragmentation.
Available as an enterprise standalone solution or integrated with MX.3 trading, risk and back office solutions, MX.3 for Collateral Management provides a single framework for the support of listed, OTC, OTC-Cleared & securities finance margin process and collateral optimization. 15 banks are currently deploying the solution worldwide.
Etienne Ravex, Murex Collateral Product Manager, comments on the current marketplace: “Legacy systems cannot adapt fast enough to challenges such as real-time initial margin calculation or funding valuation adjustment for pre-trade decision making, collateral inventory optimization or exploding volumes of calls to be processed. Practitioners need adaptable real-time solutions along the full value chain”.
The new solution introduces a flexible margin engine supporting pre-trade initial margin, a real-time and settlement-aware collateral inventory, an optimization engine for cheapest-to-deliver determination and collateral assets rebalancing, automated portfolio reconciliation, as well as native connectivity with recognized servicers such as AcadiaSoft, SWIFT for collateral messaging suite, and TriOptima.
“The main purpose of our innovation strategy is to derive intricacies of technology evolution so our clients can focus on remodeling their business strategies. Our collateral management solution is designed as a transformation trigger to convert costs and constraints into value creation while delivering compliance as a standard.” says Maroun Edde, Murex Group CEO.
About Murex
Since its creation
in 1986, Murex has played a key role in proposing effective technology
as a catalyst for growth in capital markets, through the design and
implementation of integrated trading, risk management, processing and
post-trade platforms.
Driven by innovation, Murex’s MX.3
Front-to-Back-to-Risk platform leverages the firm’s collective
experience and expertise, accumulated through its strategic client
partnerships, to offer an unrivalled asset class coverage and
best-of-breed business solutions at every step of the financial trade
lifecycle.
Clients worldwide benefit from the MX.3 platform’s
modular set of business solutions, specifically designed to solve the
multi-faceted challenges of a transforming financial industry, while
relying on the strength of 2,000 dedicated specialists.
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Contact information
Mireille Adebiyi, Tel: 01.44.05.32.00
Murex Global Marketing
Communications Manager
mireille.adebiyi@murex.com
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