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Scotia Capital Goes Live with Murex MX3 for Base Metals Trading

Scotia Capital, the wholesale banking arm of Scotiabank, has successfully expanded its commodities business with the implementation of the Murex MX.3 system for its base metals trading.

“We are thrilled to have met Scotiabank’s time to market challenge for rolling out an integrated solution for base metals trading for listed and over-the-counter derivatives,” said Antoine Mourad, President of Murex North America.

MX.3 provides an end-to-end solution, addressing front and middle office functions, with the ability to generate confirmations, statements, settlements, accounting and collateral management.

“We are very happy with the partnership and support that we have received from Murex,” said Barry Wainstein, Vice-Chairman and Deputy Head, Global Capital Markets and Global Head, Foreign Exchange and Precious Metals, Scotia Capital. “This implementation will allow us to enhance our product offering and meet the demands of our growing client base.”