About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

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

Subscribe to our newsletter

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.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Transforming Data Experiences in Quantitative Research and Trading

For quantitative researchers and quant trading teams at banking and capital markets firms, the ability to access, integrate, and share data is critical. Data and how teams collaborate with data underpins the ability to generate alpha, perform execution analyses, and provide a modern and differentiated client experience. However, for most banks, legacy technology stacks and...

BLOG

Beeks Group Secures OneChronos Contract for High-Performance ATS

In a competitive bid, OneChronos has selected Beeks Group, the cloud computing, connectivity and analytics provider for financial markets, to provide high-performance compute and a private environment for its new Alternative Trading System (ATS), which aims to bridge the widening gap between the functionalities of US Equities trading venues and the requirements of traders. OneChronos...

EVENT

Data Management Summit London

Now in its 14th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...