ICE data integrated into Murex platform to improve workflow efficiency

Integration will allow clients to access data which can be used to inform trading, risk management and profit and loss management.

Processing solutions provider Murex has integrated with ICE Data Services, part of Intercontinental Exchange, to improve access to ICE’s fixed income and derivatives data via the MX.3 platform.

The incorporation of ICE’s data into MX.3 will provide existing and potential clients with access to a wide range of daily and historical data such as cross-asset prices, volatilities and other analytics – which can be used to inform trading, risk management and profit and loss management.

ICE’s data has also been integrated by Murex into its demo environment to help demonstrate MX.3 capabilities and new business process-as-a-service solutions to its clients, based on ICE’s data.

“By creating more efficient and accelerated access to ICE’s data, we believe our clients will see benefits from having a new data source that better serves their needs,” said Frank Heanue, global head of presales central function at Murex.

“Our mutual clients also benefit from an off-the-shelf interface between MX.3 and ICE that can help improve time to market, upgradability and quality.”

According to Murex, buy- and sell-side participants can use ICE’s data to help evaluate their positions. In addition, the data can be used to run value at risk (VAR), market risk, end-of-day valuations and other calculations.

“By having an off-the-shelf interface to our data directly on the MX.3 platform, we hope to provide our mutual clients a more efficient way to access our high-quality data and integrate it into their trading and risk management strategies,” said Mark Heckert, fixed income and data services chief product officer at ICE.