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.
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ARTICLE: A modern approach to support new challenges
In this issue of Microsoft Perspectives, Stella Clarke Murex CMO looks at how captial markets players can benefit from an enterprise platform approach address new challenges and harness new opportunities in the risk and regtech space.Read More -
Flyer: MX.3 for Rate Curve Management
A powerful framework giving front office and risk departments flexible risk projections methods, MX.3 for Rate Curves Management helps to accurately price trades in a challenging capital markets landscape.Read More -
VIDEO: Expert Talk - The benefits of MIS reporting in monitoring banking activities
What are the key benefits of Management Information System (MIS) reporting? Join Frederic Alcaras, Operations Product Manager at Murex as he explore the current challenges in the monitoring of banking activities today and discusses the possible future applications of machine learning in MIS reporting.View the video -
Case Study: Nationwide
Read this case study to 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 operational risk management.Read More -
Webinar: Understanding 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 to the recording -
VIDEO: The 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 achieve compliance, hedge risk and trade more effectively, watch our video.View the video -
CASE STUDY: China CITIC Bank International
China CITIC Bank International redesigned its treasury and capital markets systems to improve operating efficiency, provide stronger risk management, address current and future regulatory challenges and improve new products’ time to market.Read more -
Report: RiskTech 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 -
VIDEO: Expert Talk - Continuous Delivery to Clients in Capital Markets
In this video, 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.View the video -
INFOGRAPHIC: SIMM 2.0
Murex and DerivSource have collaborated to explore the nuances of the recently updated SIMM model and how it helps firms prepare for the next phase of IM requirementin our latest infographic.Read more
More on MX.3
Explore Solutions for:
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03
Jul
Murex wins Software Solution of the Year in the FTF News Technology Innovation Awards 2018
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26
Jun
Bankdata Expands Use of Murex’s Capital Markets Platform, MX.3
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18
Jun
Murex wins Enterprise Risk Management System of the Year in the Risk Technology Awards
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30
Apr
Murex wins Best Back-Office Platform in the 2018 Sell-Side Technology Awards
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22
Mar
Murex and AD&Co Collaborate to Offer Advanced Risk Measurement for MBS
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24
Sep
26
Sep
RiskMinds Americas
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