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
Connectivity
LCH. CME. ICE. EUREX. Markit. Bloomberg VCON. DTCC GTR. REGIS-TR.
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
Margin call processing. Dispute. Inventory management. Transformation. Optimization.
Global data management
Account segregation model. Omnibus. LSOC. Full segregation.
Risk Management
Stress-testing. What-if. Margin erosion tracking. Back testing. Credit and concentration control.
Reporting
Client reporting. CCP members statements. Trade repositories.
Default management
Firedrill. Auction process. Portfolio hedging.
-
ARTICLE: Synthetic Securities Finance Can Unlock the Key to More Financing Supply
Etienne Ravex, Head of Product Management for Operations at Murex, discusses the opportunities in synthetic financing markets and the importance of robust global inventory management.Read More -
INFOGRAPHIC: Are You Ready for SA-CCR?
Murex and DerivSource have collaborated to explore the upcoming SA-CCR and the challenges it poses to financial institutions in our latest infographic.Read more -
VIDEO: Expert Talk: FinTech Disruption - Adapting to a Changing Financial World
In this video, Heykel Jelassi, Design Authority and Product Strategy Advisor at Murex, discusses the role of FinTech companies in the evolution of the financial markets and how Murex’s partnership approach helps us plan for the future.View the video -
ARTICLE: The Next Wave of Margin Requirements
In this article, Farid Rahba, head of product management for collateral management at Murex discussed collateral usage challenges firms face as they prepare for the next wave of deadlines and the strategic advantages of moving to a new operating model and revamping data management.Read more -
VIDEO: Expert Talk, Murex, Your Technology Partner for the Future
In this video, Maroun Edde, CEO at Murex, looks at some of the challenges our clients are facing and discusses how Murex’s long-term partnership approach can help overcome them.View the video -
ARTICLE: Risk Awards 2017, Murex Moves with the Times
Risk management and regulation have both changed rapidly in the post-crisis years, the challenge requires a thorough understanding of multi-layered regulations, innovative ideas and heavy investment in technology. Murex ticks all three boxes and has managed to move with the times.Read more -
ARTICLE: Harnessing New Technology, a Q&A with Risk.Net
Murex was voted overall number one technology vendor in the Risk Technology Rankings 2016. Chief marketing officer Stella Clarke explains how exploiting technology can cut costs, soften the impact of regulation and align short- and long-term goals.Read more -
ARTICLE: No Bank is an Island: Preparing for FRTB
“Implementing FRTB is not something a bank can do by just buying a component and sticking it on top of its existing setup. You have to redesign your capital markets infrastructure,” says Maroun Edde, chief executive officer of Murex, who is based in Paris.Read more -
CASE STUDY: Murex and Tullet Prebon Information (TPI) Partnership
Murex and TPI have signed a partnership agreement to enhance client experience through access to high-quality market datasets.Read More -
VIDEO: The Short- and the Long-Term Ramifications of FRTB
While banks are looking at preparing for the new regulation, Murex sheds light on the long-term game plan, going beyond compliance to business optimization.View the video
More on MX.3
Explore Solutions for:
-
16
Jun
Murex awarded Implementation of the Year
-
15
May
Murex ranked #1 Treasury and Capital Markets Solution by IBS Intelligence
-
27
Mar
The Next Wave of Margin Requirements
-
09
Mar
Non-cleared Margin Requirements
-
22
Feb
Murex and TPI Partner to Enhance Client Experience
-
16
Feb
Harnessing new technology: A Q&A with Risk.Net
-
15
Feb
Celent places Murex at the top of Front-to-Risk FRTB solutions
-
15
Feb
No Bank is An Island: Preparing for FRTB
-
07
Feb
Risk Awards 2017: Murex moves with the times
-
26
Jan
Murex named Market Risk Technology Vendor of the Year
-
27
Jun
RiskMinds Americas
-
Watch this space to know more about our upcoming events
-
Check out our recent event activity
Contact us
-
Information
Request -
Partnership
Opportunity -
Media/Analyst
Inquiry