The Tradetech Daily

Murex MX.3

Murex MX.3

Eoin O'CeallachainEmail: info@murex.comTel: +331 44 0532 00

Murex’s collateral management product MX.3 offers functionality across a broad product range covering bilateral legal agreements, OTC clearing and listed derivatives.

Core functions include end-to-end margin management and integrated settlement and accounting, portfolio reconciliation, dispute management and collateral inventory management.


MX.3 features automated trade processing workflow
and integration with affirmation and execution platforms. Central clearing of
OTC derivatives trades is supported with margin processing of broker and
Central Counterparty (CCP) statement with native multi-currency and
multi-margin capabilities, as well as monitoring of CCP clearing limits.

Risk can be controlled with eligibility and concentration
rules and margin computation functionality.

The service offers support for both internal and external
repo and securities lending deals to effect collateral transformation.
Additionally, MX.3 features an enterprise collateral inventory management system.

Reporting functionality includes an array of tools
enabling user to slice-and-dice collateral data as required.

Transaction lifecycle support

Murex’s platform supports the complete derivatives
transaction lifecycle from “cradle-to-grave”. It covers valuation,
confirmation, settlement and accounting.


Murex offers clients dedicated client support teams
that offer highly personalised support. Implementation is supported by a
customer delivery services business division focused on offering professional
services for specialist project tasks, managing the network of implementation
partner relationships and managing MXpress, which combines pre-packaged MX.3
content with an accompanying standardised implementation methodology.