Banorte Group has entered into a partnership with Murex to enhance FX derivatives trading for corporate clients, including through Murex's integration platform MX..3 Implement self-service solutions to improve the efficiency of the foreign exchange derivatives trading process。

Abraham Izquierdo, managing director of trading and financial risk at Banorte, said: "Banorte has made many breakthroughs in its transformation, one of the most important aspects being the launch of its self-service products.。This product is closely aligned with Banorte's digital strategy and meets the specific expectations of its customer base。"

Enhanced risk management through automation

Banorte adapted its internal workflows and risk management procedures to fit this self-service offering。According to the company, MX.3 Software integration eliminates the need for manual processes, greatly reducing errors and delays。Through automation, Banorte successfully improved resource efficiency and saved users 38% of work time。

The partnership between Banorte and Murex builds on a 12-year history of cooperation between the two sides。During this period, Banorte expanded its focus on MX.3, incorporating new modules and asset class coverage。In 2022, Banorte created a new XVA station and revamped its PFE limit management, choosing Murex to support its risk and front office teams.。

Murex, on the other hand, has been expanding its global presence.。Last month Rabobank and Murex launched an MX-based.3 Business of the platform。Rabobank's implementation in Brazil includes a variety of onshore and offshore products, making full use of the MX.3 Integrated features of the platform。

Murex's Strategic Partnerships

MX.3 The platform is a strategic partner of Murex, with functions including trade capture, pricing, position and money management, post-trade and settlement processes, reporting, market analysis, credit and liquidity risk management, profit and loss calculations, and generation of ledgers。

In addition, Murex announced a partnership with the London Stock Exchange Group (LSEG) in May.。The partnership allows MX to be transferred via Amazon Web Services.3 Platform integration with LSEG。This partnership brings a significant advantage to financial firms in that they can quickly access real-time market data from multiple global exchanges and over-the-counter markets via the cloud.。

With this connection, Murex customers can choose how to.3 Retrieve real-time market data within the platform。They can choose from three different deployment models provided by LSEG, all of which are designed to meet the preferences of different customers。