Murex overhauls MX.3 for Collateral Management
22 June 2015 Paris
Image: Shutterstock
Murex has released a fully overhauled version of MX.3 for Collateral Management, designed to better support sell-side and buy-side financial institutions in optimising pre- and post-trade collateral.
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, over-the-counter, cleared and securities finance margin process and collateral optimisation. 15 banks are currently deploying the solution worldwide.
Etienne Ravex, Murex collateral product manager, commented: 鈥淟egacy 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 optimisation or exploding volumes of calls to be processed. Practitioners need adaptable real-time solutions along the full value chain鈥�.
Regulatory developments such as Basel III have reinforced collateral management as a core function of the capital markets value chain, requiring a centralised and unified infrastructure to overcome internal and external inefficiencies.
The new solution introduces a flexible margin engine supporting pre-trade initial margin, a real-time and settlement-aware collateral inventory, an optimisation engine for cheapest-to-deliver determination and collateral assets rebalancing, automated portfolio reconciliation, as well as native connectivity with recognised servicers such as AcadiaSoft, Swift for collateral messaging suite, and TriOptima.
鈥淭he main purpose of our innovation strategy is to derive intricacies of technology evolution so our clients can focus on remodelling their business strategies,鈥� said Maroun Edd茅, Murex Group CEO
鈥淥ur collateral management solution is designed as a transformation trigger to convert costs and constraints into value creation while delivering compliance as a standard.鈥�
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, over-the-counter, cleared and securities finance margin process and collateral optimisation. 15 banks are currently deploying the solution worldwide.
Etienne Ravex, Murex collateral product manager, commented: 鈥淟egacy 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 optimisation or exploding volumes of calls to be processed. Practitioners need adaptable real-time solutions along the full value chain鈥�.
Regulatory developments such as Basel III have reinforced collateral management as a core function of the capital markets value chain, requiring a centralised and unified infrastructure to overcome internal and external inefficiencies.
The new solution introduces a flexible margin engine supporting pre-trade initial margin, a real-time and settlement-aware collateral inventory, an optimisation engine for cheapest-to-deliver determination and collateral assets rebalancing, automated portfolio reconciliation, as well as native connectivity with recognised servicers such as AcadiaSoft, Swift for collateral messaging suite, and TriOptima.
鈥淭he main purpose of our innovation strategy is to derive intricacies of technology evolution so our clients can focus on remodelling their business strategies,鈥� said Maroun Edd茅, Murex Group CEO
鈥淥ur collateral management solution is designed as a transformation trigger to convert costs and constraints into value creation while delivering compliance as a standard.鈥�
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