MX.3 will be deployed to a hundred users in Barcelona. La Caixa will be using MX.3 for equity derivatives, interest rate derivatives, bonds, foreign exchange and money markets, foreign exchange options and credit derivatives, all front to back. In addition to this wide functional coverage including structured products, la Caixa selected Murex’s credit risk solution for pre-trade and post-trade real-time limits checking.
Joaquin Aguirre, IT director of financial markets from la Caixa, said: Our challenge was to be able to consolidate our treasury activity within one single solution. With Murex, we are able to handle more efficiently the most complex derivatives with the highest STP rates.
Maroun Edde, managing partner of Murex, said: While others are entering the derivatives market, we have an established leading presence thanks to over 20 years of experience and innovation in this key area to Murex. This selection adds another significant milestone to our leading presence in the Spanish market, with clients such as Banco Santander, Caja de Madrid, Caixa d’Estalvis de Catalunya and Bankinter. It also reflects our dedication and commitment to this interesting and fast growing market.
