Sales and trading

Capital markets require vast analytics, from simple A+B in aggregation tasks to interest rate curve calibration, sophisticated front-office, market risk and XVA models.

MX.3 provides the market standard for the following:

• Multi-tenor curve, IBOR transition, collateral-based discounting, flexible interest rate risk projection on interest rate curves.

• GPU accelerated term structure, local, stochastic and stochastic-local volatility (SLV) models on any asset class.

• MX.3 APIs give clients the freedom to integrate proprietary and third-party models.

• MX.3 for Model Validation automates client model validation policy of all analytics in MX.3, third party or proprietary. It empowers regulatory compliance on model risk management and increases analytics control.

The MX.3 platform features the most complete product mix in the industry.

There are over 300 payoffs including OTC and listed, from the standard vanilla to the most exotic products. MX.3 features local or regional specifics across all asset classes, including digital assets, Sharia-compliant and sustainability-linked products. Instruments can be combined to design structured products, wrapped in over-the-counter (OTC) derivatives, loans or a securitized format, processed and risk managed like any native instruments of the catalogue.

The analytics and payoffs catalog can be enriched with the MX.3 software development kit (SDK). Clients are empowered to respond rapidly to market opportunities and run exotic books.

• Solutions are embedded into a single integrated platform that covers best-in-class features in all asset classes.

• Transaction, counterparty, book, desk, entity, company-wide insights are provided.

• Prices can be distributed through a client web portal or to liquidity pools, offering sales and trader workflows and structuring tools, intraday position keeping and profit and loss (P&L) decomposition.

• Solutions are connected to affirmation and execution platforms, integrated to the bank, and the wider market and regulatory ecosystem, automating business processes to reach operational excellence.

• A best-in-class software development kit (SDK) allows for swift extension of analytics and quick build of apps for end users and an institution’s own customers.

• A resilient, scalable architecture provides support and ensures predictable response time, whatever the trading activity, avoiding down time in volatile markets.

• Enforce close risk control to ban unauthorized usages, track changes and quantify their impact on profit & loss (P&L), and check against limits in real time.

• Break organizational silos and make front & back-office, risk and collateral teams work more efficiently together.

Deal efficiently, anytime, anywhere.

Digitalization and agility are key enablers for salespeople to deal effectively and efficiently. MX.3 meets their needs.

Sales desks are empowered with a single cross-asset pre-trade tool to manage request for quotes (RFQs), price publications and client orders.

The solution automates the price negotiation sequence and reduces unnecessary manual steps.

With just a few inputs, sales desks can access an accurate price that reflects the total cost of trading including valuation adjustments and cost of hedging.

The solution ensures pre-trade compliance and best execution transparency.

Traders and salespeople are deeply impacted by regulation.

MX.3 automates the clearing route, counterparty regulatory checks, identification of instruments tradable through a given legal entity and real-time trade reporting to regulators.

MiFID,/ MiFIR, Emir, Dodd Frank, SFTR, UMR, IBOR reform are a few examples of recent regulations supported by MX.3.

• Solutions are embedded into a single integrated platform that covers best-in-class features in all asset classes.

• Transaction, counterparty, book, desk, entity, company-wide insights are provided.

• Prices can be distributed through a client web portal or to liquidity pools, offering sales and trader workflows and structuring tools, intraday position keeping and profit and loss (P&L) decomposition.

• Solutions are connected to affirmation and execution platforms, integrated to the bank, and the wider market and regulatory ecosystem, automating business processes to reach operational excellence.

• A best-in-class software development kit (SDK) allows for swift extension of analytics and quick build of apps for end users and an institution’s own customers.

• A resilient, scalable architecture provides support and ensures predictable response time, whatever the trading activity, avoiding down time in volatile markets.

• Enforce close risk control to ban unauthorized usages, track changes and quantify their impact on profit & loss (P&L), and check against limits in real time.

• Break organizational silos and make front & back-office, risk and collateral teams work more efficiently together.

MX.3 is an open platform.

Pricing, sales margins, credit limits, analytics, position and risk management, stress testing and more can be exposed to third party systems via APIs.

The platform ensures consistency of calculation across the board. It minimizes operational risk and enables real time access to trusted data wherever it resides.

With MX.3, a single platform is used from multiple sites every hour of every day.

Desks, branches, legal and closing entities are represented in MX.3. These departments have their own independent lifecycle, including late trading and global books.

Chinese walls ensure a logical isolation of all ring-fenced departments.

The MX.3 platform features the most complete product mix in the industry.

There are over 300 payoffs including OTC and listed, from the standard vanilla to the most exotic products. MX.3 features local or regional specifics across all asset classes, including digital assets, Sharia-compliant and sustainability-linked products. Instruments can be combined to design structured products, wrapped in over-the-counter (OTC) derivatives, loans or a securitized format, processed and risk managed like any native instruments of the catalogue.

The analytics and payoffs catalog can be enriched with the MX.3 software development kit (SDK). Clients are empowered to respond rapidly to market opportunities and run exotic books.

The capital markets industry is interconnected.

There is a sustained and universal push for value chain automation. This is made possible by standards shared across market participants. Murex participates in the emergence of these standards by contributing to such working groups.

MX.3 proposes out-of-the-box interfacing for market and reference data, multi- and single-dealer platforms, affirmation and clearing, repo management, collateral, settlement and transaction regulatory reporting.

In addition, the MX.3 integration framework helps build bespoke interfaces, based on market standard development libraries.

Finally MX.3 supports DevOps and continuous integration, so that multiple developer tribes can build, test and continuously release changes in production.

• Solutions are embedded into a single integrated platform that covers best-in-class features in all asset classes.

• Transaction, counterparty, book, desk, entity, company-wide insights are provided.

• Prices can be distributed through a client web portal or to liquidity pools, offering sales and trader workflows and structuring tools, intraday position keeping and profit and loss (P&L) decomposition.

• Solutions are connected to affirmation and execution platforms, integrated to the bank, and the wider market and regulatory ecosystem, automating business processes to reach operational excellence.

• A best-in-class software development kit (SDK) allows for swift extension of analytics and quick build of apps for end users and an institution’s own customers.

• A resilient, scalable architecture provides support and ensures predictable response time, whatever the trading activity, avoiding down time in volatile markets.

• Enforce close risk control to ban unauthorized usages, track changes and quantify their impact on profit & loss (P&L), and check against limits in real time.

• Break organizational silos and make front & back-office, risk and collateral teams work more efficiently together.