MX.3 for Clearing Brokers
and CCPs
95% of worldwide cleared IR Swaps are processed on MX.3
The world’s largest swap clearer relies on MX.3 for its OTC clearing business. This is testimony to the platform’s high performance, scalability and robustness. Clearing brokers trust MX.3 to manage their entire house and client clearing business processes to build competitive services in today's fast changing industry. The platform accelerates the rollout of evolving margin calculations, complex segregation models, multiple connectivity to CCPs and reporting requirements.
Margin optimizer
MX.3 anticipates cross-margining practices, delivering a wide range of margin calculation methods across clearable products. The platform connects to CCPs and can replicate or proxy margins of major houses, for regulatory and specific margin segregation models. Brokers can use advanced risk capabilities to guide their clients in selecting best execution and clearing venues.
Clearing factory
MX.3 exception-based workflows maximize the automation of the entire clearing chain, from connectivity to SEFs onwards to real-time margin calculation and trade acceptance, margin and collateral management, and down to settlement and accounting.
The platform is fully scalable for higher volumes and offers easy onboarding of additional clients. New connectivity points can also be seamlessly added for execution or affirmation platforms, CCPs and trade repositories.
Functional Coverage
Real-time Trade Registration
Variation margin. Initial margin. Cost of margin. Eligibility and acceptance. Limits.
Trade & Position Management
OTC and Listed. Compression. Exception-based operations workflow.
Margin Management
Margin replication. Reconciliation. Margin call generation. Client margin processing. Cover process.
Collateral Management
A single framework for enterprise-wide margining, optimization, regulatory compliance and collateral trading.
Global Data Management
Account segregation model. Omnibus. LSOC. Full segregation.
Reporting
Client reporting. CCP members statements. Trade repositories.
Default Management
Firedrill. Auction process. Portfolio hedging.
Insights
FTF News Technology Innovation Awards 2020 - Video Interview
Stella Clarke, CMO at Murex, gives an online interview to FTF (Financial Technologies Forum) following Murex's Software Solution of the Year award success for the third consecutive year in 2020.Watch the videoCapital 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 videoMX.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 videoMurex 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.Read moreA 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 moreNationwide
Find out how Nationwide, the world's largest building society, partnered with Murex to implement an integrated treasury system that optimizes liquidity management, provides risk monitoring and enhances hedge accounting and operational risk management.Read moreUnderstanding Bilateral Initial Margin & MVA
As the implementation of new margin rules for non-cleared derivatives continues, the funding implications of Initial Margin through MVA is getting much focus. To learn more, watch our PRMIA webinar recording.Listen nowThe Future of xVA Management
With xVA impacting all departments of the bank, there is growing demand for solutions that enable the creation of a centralized desk for xVA management, providing each department with actionable information in real-time. To find out how MX.3 for xVA Management can help your business, watch our video.Watch the videoChina CITIC Bank International
Learn how China CITIC Bank International redesigned its treasury and capital markets systems to improve operating efficiency, better manage risk, address current and future regulatory challenges and improve new products’ time to market.Read moreRiskTech 100 2018 Vendor Highlights: Murex
What does it take to reach the top ten in the Chartis RiskTech100 ranking? Find out in our exclusive vendor highlights report.Read more
More on MX.3
Explore solutions for:
18
Nov
Murex Continues Chartis RiskTech100® Success
09
Nov
Murex Nets Best Integrated Middle-Office Platform Award for the Buy-Side
06
Oct
Murex Delivers Fully Managed SaaS Solution to Key Client in North America
29
Sep
Krungsri Achieves Landmark IT Overhaul and Embarks on Long-Term Murex Partnership
09
Sep
Murex Keeps Up Excellent Winning Record at the Asia Risk Awards 2020
01
Sep
KBank Completes First Transaction Reference to New Thai Overnight Repurchase Rate (THOR)
08
Jul
Bankdata Reaches New Milestone on Time in Strategic Re-platforming with Murex’s MX.3 Solution
23
Jun
Murex and Duco Join Forces to Offer an End-to end Reconciliation Solution to Capital Markets
17
Jun
Murex Maintains its #1 Position in the IBS Intelligence Sales League Table 2020
09
Jun
Murex Scoops Software Solution of the Year for Third Consecutive Year
07
Dec
11
Dec
RiskMinds International
24
Nov
27
Nov
Asia Risk Congress
18
Nov
Collateral Management Japan
17
Nov
Risk Japan
16
Nov
20
Nov
AFME
09
Nov
13
Nov
Risk Live
04
Nov
Securities Finance Technology Symposium
28
Oct
29
Oct
Risk Australia
27
Oct
28
Oct
Risk Asean
21
Oct
22
Oct
14th Annual Collateral Management Forum
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