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.
CCPs and Exchanges. Liability limits. Margin reconciliation. OTC bilateral regulation. EMIR compliance.
Basel 3 Compliance
Liquidity Adjusted Scenarios. Expected Shortfall. Stressed-VaR. Revised Standard approach. Back-testing. P&L attribution. IDC.
Time Series & Proxies. Extensible for exotic products. Parallel market data sets.
Historical. Monte Carlo. EWMA adjustments. Extreme-Value Theory. Stress-period determination.
Full revaluation. Sensitivity-based. Risk Matrices. Historical. Monte-Carlo. Parametric. Scalable.
Trend Analysis. What-if scenarios. In-memory aggregation. Multi-systems consolidation.
REPORT: 2014 Gartner Magic Quadrant for Trading Platforms
Murex is recognized as a Leader in the 2014 Gartner Magic Quadrant for Trading Platforms, placed furthest for Ability to Execute and Completeness of Vision.
Access the full report.
WHITE PAPER: BASEL/IOSCO FOR NON-CLEARED DERIVATIVES
This report focuses on strategies and preparations for risk-based margining and collateral management in the non-cleared derivatives arena. Initial margin (IM) in particular will change meaningfully as regulators shift to a "defaulter pays" model.
SURVEY: CVA AND COUNTERPARTY RISK MANAGEMENT
Regulatory pressures force pace of change in counterparty risk/CVA management. The paper presents the results of a survey that looks to establish the management processes, measurement and systems that banks use to control counterparty risk (PFE and CVA).
More on MX.3
Explore Solutions for:
News & events
Gartner Magic QuadrantMurex named a Leader in Gartner’s 2014 “Magic Quadrant for Trading Platforms”, positioned furthest for Completeness of Vision and Ability to Execute ... Read more
Murex N°1 Technology Vendor 2014Recent industry acknowledgments position Murex’s MX.3 platform as the technological answer to the New Normal in banking and capital markets... Read more