PARIS--(BUSINESS WIRE)--MUREX S.A.S. (“Murex”), the leading provider of integrated trading, risk, collateral and processing solutions, and AcadiaSoft Inc (“AcadiaSoft”) are pleased to announce a successful collaboration for electronic collateral messaging and margin workflow.
Murex’s revamped MX.3™ for enterprise collateral management solution now provides direct connectivity to AcadiaSoft’s MarginSphere™, therefore extending its electronic messaging capabilities to provide full Straight-through-Processing (STP) for its large client base, from margin calculation down to settlement and accounting.
The solution supports a large range of margin calculations, optimizing the whole collateral chain across bilateral or cleared OTC, repo or securities lending, and exchange-traded derivatives products. This notably includes the margining requirements issued by the Basel Committee Banking Supervision and the International Organization of Securities Commissions (BCBS/IOSCO WGMR) and the availability of OTC clearing houses standard methods.
David Radley, Global Head, Sales at Acadiasoft, commented: “We are excited to be integrated with Murex’s MX.3 platform to help their clients achieve STP in the collateral management process – a capability we refer to as Straight Through Margining. The welcome addition of Murex to the AcadiaSoft community is a key advancement towards our goal of a completely automated, industry–wide margin process.”
Etienne Ravex, Collateral Management Product Manager of Murex commented: “The upcoming BIS / IOSCO uncleared OTC will require from each market participant an extra level of industrialization. Our partnership with Acadiasoft as a recognized leader for margin confirmation automation significantly reinforces our support to our clients in their collateral optimization journey”.
About Murex: https://www.murex.com/
Since its creation in 1986, Murex has played a key role in proposing effective technology as a catalyst for growth and innovation in capital markets, through the design and implementation of integrated trading, risk management, processing and post-trade platforms.
Driven by innovation, Murex’s MX.3 Front-to-Back-to-Risk platform leverages the firm’s collective experience and expertise, accumulated through its strategic client partnerships, to offer an unrivalled asset class coverage and best-of-breed business solutions at every step of the financial trade lifecycle.
Clients worldwide benefit from the MX.3 platform’s modular set of business solutions, specifically designed to solve the multi-faceted challenges of a transforming financial industry, while relying on the strength of 2,000 dedicated specialists.
About AcadiaSoft: www.acadiasoft.com
AcadiaSoft is uniquely focused on delivering margin automation for counterparties engaged in collateral management. The AcadiaSoft community consists of over 160 market participants and service providers in the collateral marketplace. AcadiaSoft was founded through collaboration between major financial institutions, including eight Fed 14 banks, to create solutions that support full implementation of documented ISDA Collateral Requirements. Our Advisory Groups, Best Practice Forums and Working Groups carry provide a unique framework for integrating the thought leadership and capabilities of market participants, market infrastructures and key service providers across the industry. It is this framework and commitment that enables us to innovate on an industry-wide basis.