Murex MX.3 gains new live site in Canada

Murex MX.3 gains new live site in Canada

Canada’s ATB Financial has gone live with a new treasury and capital markets (TCM) solution, MX.3, supplied by Murex. The solution is delivered on a Software-as-a-Service (SaaS) basis.

The first phase –interest rate derivatives front-to-back-to-risk (including both market and credit risk) and collateral management – was completed within ten months, according to the vendor.

“ATB pursued this initiative to create a simple yet comprehensive foreign exchange experience for its customers,” Murex says. The new platform will also help ATB rationalise its IT landscape, broaden the scope of financial instruments and “prepare for a large volume increase in their trading activities”.

ATB’s chief transformation officer, Wellington Holbrook, says Murex’s offering is “the best fit” for the bank’s needs.

“The project was completed on time and on budget,” he says. The project has now moved to the second phase that will include commodities and FX trading.