MX.3 for Market Risk

Lead the pack and tackle the new paradigm
in market risk today

The recent spate of financial crises has laid bare the limitations of financial institutions’ market risk models and infrastructures. Regulators have now imposed refined risk measures and introduced risk-based margins and capital requirements for bilateral or CCP-cleared trading.

MX.3 is used by a large and diverse range of market participants to meet new regulations and fully integrate market risk at each point of the value chain.

Managing the regulatory avalanche

MX.3 delivers with high performance the accurate output needed to produce timely regulatory statements and leverages advanced reporting tools for enterprise data consolidation. Risk managers are empowered to analyze and audit results, navigating from VaR aggregates down to individual trades or risk factors contribution. Furthermore, they benefit from a wide range of trading and risk features such as sensitivities analysis and P&L attribution that facilitate compliance, risk analysis and backtesting.

Regulatory pre-packaging supports firms in their journey towards compliance. It delivers liquidity-adjusted VaR and calibrated expected shortfalls for Basel III, global sensitivities and stressed VaR to comply with the Volcker rule, OTC margins for EMIR and Dodd-Frank, VaR on replicated liability portfolios for Solvency II or IFRS 13 trade-level CVA and Basel III CVA VaR.

We are constantly innovating to meet the latest changes in market risk such as extreme value theory, reverse stress-testing, incremental default charge or Basel III revised standard capital charge. The flexibility of our MX.3 platform ensures compliance with evolving requirements.

Real-time VaR anywhere

By breaking the silos between front office and risk management, MX.3 delivers to traders a real-time 360 degree view of VaR across all asset classes listed and OTC. MX.3 features real time market risk limits and, with the latest innovations of in-memory analytics, it performs on-the-fly cross-margining simulations that identify the cheapest clearing venue or bilateral margin.

Functional Coverage

Margin Replication

CCPs and Exchanges. Liability limits. Margin reconciliation. OTC bilateral regulation. EMIR compliance.

Basel III Compliance

Liquidity Adjusted Scenarios. Expected Shortfall. Stressed-VaR. Revised Standard approach. Back-testing. P&L attribution. IDC.

Market Data

Time Series & Proxies. Extensible for exotic products. Parallel market data sets.

Scenarios

Historical. Monte Carlo. EWMA adjustments. Extreme-Value Theory. Stress-period determination.

VaR Calculation

Full revaluation. Sensitivity-based. Risk Matrices. Historical. Monte-Carlo. Parametric. Scalable.

Reporting

Trend Analysis. What-if scenarios. In-memory aggregation. Multi-systems consolidation.

Insights

MX.3 Control Tower

How can you reinforce your control framework to minimize running costs and mitigate operation risks? Find out how MX.3 Control Tower turns data into meaningful indicators that enable you to steer and monitor business activities.
View the video
FRTB Special Report 2019

Following the publication of the final standard in January, there is now greater clarity surrounding FRTB and banks are deciding on their compliance approach. For an update on the latest trends, read the full report.
Read more
Turning the FRTB Internal Model Approach into a competitive advantage

Are you adopting the IMA or SA? Listen to this webinar to gain insights from KPMG, Murex, National Bank of Canada and Standard Chartered Bank on what you need to conider when choosing your approach to FRTB compliance.
Listen now
Murex: Sell-side Category Winner in the Chartis RiskTech100 2019

What are the top priorities for financial institutions and how is Murex enabling clients to thrive in an evolving market? Murex's Normand Tanguay, Head of Risk for Murex Americas shares his insights on these key questions and more.
Watch the video
Mitigating Regulatory Challenges

In the fast-evolving capital markets, banks face several challenges, including the need to centralize data and keep pace with changing regulations. However, there are also exciting opportunities. Watch this video to learn more.
View the video
RiskTech 100 2019 Winners' Review: Murex

For this sixth year running Murex has been named the sell-side category winner in the Chartis RiskTech 100. To find out why, read the 2019 Winners' Review.
Read more
Capital Markets Transformation- If You’re Not Scared, You’re Not Doing Enough

What does it take to thrive in today's capital markets? Watch our video featuring representatives from AWS, ANZ and Murex to discover how IT transformation could be good for your business.
Watch the video
MX.3 Post-Trade Capabilities

Murex provides flexible and open solutions for treasury, collateral, operations and finance, giving you the technology you need to improve decision-making, comply with regulation and optimize asset usage. Watch our video to find out how MX.3 can work for your business.
Watch the video
Murex Cloud Solutions

Murex cloud and SaaS solutions combine the full power of a leading technology platform with the expertise and infrastructure to manage it. Tailored to your specific needs, it allows you to focus on your core business, take advantage of the latest innovations and be prepared for the future capital markets.
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A Modern Approach to Support New Challenges

In the Summer 2018 edition of Microsoft Perspectives, Stella Clarke, Murex CMO, looks at how capital markets players can benefit from an enterprise platform approach address new challenges and harness new opportunities in the risk and regtech space.
Read more

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MX.3 for Market Risk

Managing the regulatory avalanche