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Murex and AcadiaSoft Announce Their Partnership for Electronic Collateral Messaging and Margin Workflow

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”.