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.
“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”
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”.
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