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Murex Integrates with ICE Data Services for Fixed Income and Derivatives Data

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Trading and risk management solutions vendor Murex has integrated with ICE Data Services, the data solutions division of Intercontinental Exchange, to improve workflow efficiency for clients accessing ICE’s fixed income and derivatives data via Murex’s MX.3 platform.

The integration will provide existing and potential clients with access to a diverse range of daily and historical data, including cross-asset prices, volatilities and other analytics, which will assist with workflow around trading, risk management and P&L management, according to Frank Heanue, Global Head of Presales Central Function at Murex.

“Murex’s MX.3 users already have the ability to capture fixed income and derivatives data from ICE Data Services. However, clients needed to develop their own interface tools to capture, transform and load ICE data into MX.3,” says Heanue. “The new development targets a more streamlined and packaged way of integrating these data sets, unburdening the client from having to develop and manage such interfaces.”

Analytics, such as value at risk (VAR), can be calculated by MX.3 either on-premises or via the cloud, using ICE’s historical data sets. “The full MX.3 platform can be deployed on cloud, meaning that any pricing, valuation, risk calculation, XVA, collateral management, etc., across the full asset class coverage (FX, FI, IR, Inflation, Equity, Credit, Commodity) can be deployed using ICE data,” says Heanue.

Both buy-side and sell-side participants can use the interface, says Heanue. “We are initially targeting common clients of both Murex and ICE; mostly sell side with, perhaps, a small number of buy side,” he says. “For greenfield Murex customers, the new interface will provide an additional market data option.”

He adds: “We expect clients to start retrieving ICE data from a direct feed soon (without going through third parties or using bespoke interfaces). The development will be backported to previous versions of MX.3 so that the widest possible scope of clients can utilize it without changes to their production system.”

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