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
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 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 moreContinuous Delivery to Clients in Capital Markets
Marwan Khalil, Lead Technical Architect at Murex, shares his thoughts on the delivery challenges in capital markets, the benefits of continuous delivery, and what Murex is doing to address continuous delivery.Watch the video
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