-
Our solutions
- Our clients
With 300 clients and 60,000 users spread across 60 countries around the world, Murex has a truly international client base of capital markets participants.
view all case studies- Insights
- Who we are
Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise.
Visit our awards webpage- Our partners
- Careers
JUL
13LCH SwapAgent Implements Murex
Murex’s MX.3 platform to provide valuation, margining and trade processing services for all bilateral trades processed by LCH SwapAgent
PARIS, July 13, 2017 — Murex, the global leader in trading, risk management and processing solutions for capital markets, announces that LCH SwapAgent has selected its MX.3 platform. This new service for the non-cleared derivatives market will use Murex technology for trade processing, valuation, margining and member reporting.
In response to the implementation of bilateral margin rules for non-cleared OTC Derivatives, LCH SwapAgent aims to improve efficiencies in the bilateral OTC market by eliminating disputes when establishing the value of a trade. Rather than each bank using internal models to compute trade valuation and margins, they post the trade in LCH SwapAgent and use the valuation models of a shared analytics platform, Murex, to receive a common valuation, sensitivities and margin.
LCH SwapAgent uses Murex’s analytics models to run pricing and compute sensitivities that establish the common trade valuation. For each trade processed by LCH SwapAgent, the Murex platform calculates the variation margin and generates sensitivities that contribute to the overall margin requirement for each party, eliminating pricing disputes in anticipation of the regulatory overhaul.
Already established providers of the underlying technology for LCH’s SwapClear and ForexClear services, Murex manages peak volumes in excess of 30,000 trades per day and has supported their growth as they have scaled-up globally.
Nathan Ondyak, global head of LCH SwapAgent, said: “LCH SwapAgent aims to increase the efficiency of non-cleared derivatives trading by extending the standardization of clearing infrastructure to the bilateral OTC market without requiring novation to a central counterparty or a change to the underlying trade terms. We are pleased to be working with Murex to allow our customers to benefit from an efficient way to eliminate disputes and materially improve standardization and simplicity in this space.”
“Establishing a fair and accurate valuation is vitally important for the LCH SwapAgent service” said Dania Fakredin-Viatte, Murex U.K. managing director. “LCH SwapAgent has selected Murex to provide these crucial analytics due to the scalability of the system, the powerful native models for pricing and valuation, and comprehensive coverage for non-linear products. As we begin this new chapter in a successful partnership, we look forward to providing even greater value to LCH SwapAgent and its members.”
Latest news
05 May 2025
Murex Wins Most Innovative API Framework/Microservices Architecture for Trading Category via A-Team
10 Apr 2025
Amundi Technology Partners with Murex to Deliver Superior OTC Derivatives Capabilities to Investment Managers
13 Mar 2025
Murex Strengthens Internal Controls, Security Best Practices Commitment with SOC 1, SOC 2 Compliance
Attestation underscores IT, security benchmarks for managed services providers
07 Jan 2025
Bank of Hangzhou Extends Scope on MX.3 with FRTB Solution
Murex deepens cooperation with China's leading city commercial bank
10 Dec 2024
Murex Wins Best Vendor for System Support and Implementation at Risk.net Markets Technology Awards
Company also secures FRTB (IMA) product of the year, Trading systems: structured products/cross-asset distinctions
05 Dec 2024
Murex Nets Two IBSi Global Fintech Innovation Awards
Fintech leader recognized for work with Alinma Bank, wins treasury, Islamic banking categories
03 Dec 2024
Boubyan Bank Completes MX.3 Implementation for Sharia-compliant Treasury Activity
Significant technology milestone reached in IT transformation for Islamic financial institution
08 Oct 2024
Murex, Kaiko Partner to Enhance Real-time Portfolio Management for Digital Assets
Collaboration integrates comprehensive digital assets data into MX.3 platform, extends the reach of cryptocurrency market data and indices
30 Sep 2024
Murex Wins Best Technology Provider for FX Options at Euromoney’s Foreign Exchange Awards
Solution used by over 130 banks and financial institutions around the world
27 Sep 2024
Murex Wins Five Asia Risk Technology Awards Categories
Outstanding result underscores company commitment to fintech innovation and regional leadership
- Our clients