Murex and ArcadiaSoft pair up for processing
13 February 2015 Paris
Image: Shutterstock
Murex and ArcadiaSoft have partnered up to extend the reach of electronic messaging capabilities.
Murex’s MX.3 solution for enterprise collateral management now offers direct connectivity to ArcadiaSoft’s MarginSphere, providing straight-through processing (STP) for clients from margin calculation to settlement and accounting.
The solution will support a range of margin calculations optimising the calculation chain across bilateral and cleared, over-the-counter, repo and securities lending products, as well as exchange-traded derivatives.
It also includes the margining requirements issued by the Basel Committee Banking Supervision and the International Organisation of Securities Commissions, while improving the availability of OTC clearing houses standard methods.
David Radley, global head of sales at Acadiasoft, said: “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: “Our partnership with AcadiaSoft as a recognised leader for margin confirmation automation significantly reinforces our support to our clients in their collateral optimisation journey.”
Murex’s MX.3 solution for enterprise collateral management now offers direct connectivity to ArcadiaSoft’s MarginSphere, providing straight-through processing (STP) for clients from margin calculation to settlement and accounting.
The solution will support a range of margin calculations optimising the calculation chain across bilateral and cleared, over-the-counter, repo and securities lending products, as well as exchange-traded derivatives.
It also includes the margining requirements issued by the Basel Committee Banking Supervision and the International Organisation of Securities Commissions, while improving the availability of OTC clearing houses standard methods.
David Radley, global head of sales at Acadiasoft, said: “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: “Our partnership with AcadiaSoft as a recognised leader for margin confirmation automation significantly reinforces our support to our clients in their collateral optimisation journey.”
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