Murex has announced a strategic partnership with crypto sector data provider Kaiko in a milestone move that will integrate Kaiko’s digital asset data into Murex’s MX.3 platform.
The integration of crypto data will enhance Murex’s real-time portfolio management capabilities and help MX.3 users value digital asset portfolios in real time, conduct enhanced assessments of market risk, and benchmark proprietary analytics against industry-leading data.
MX.3 cross-asset platform now equipped with digital asset insights
Murex’s MX.3 platform currently serves more than 300 clients and 60,000 daily users worldwide. The partnership with Kaiko is expected to further solidify its status as a leading solution for trading, treasury, risk, and post-trade operations in traditional and digital asset markets.
Kaiko provides real-time digital assets market data, including historic data back to 2013. It enables firms to benchmark crypto asset performance through accurate back-testing of data models and trading strategies. as well as contributing to best execution, risk assessment, market surveillance, and computing NAV.
With the cross-asset platform now leveraging Kaiko’s digital asset insights, financial institutions can expect to see significant improvements in their ability to navigate the cryptocurrency market, manage risks, and optimize investment strategies.
“The right coverage of assets and curve structures”
Solene Khy, head of product management, commodity, equity, FX and digital assets at Murex, said: “Digital assets are not like traditional assets. They have their own specificities in many respects. For market data sourcing and management, we believe that our partnership with Kaiko, a strategic crypto market data player, will help our clients in the development of their digital assets strategies. This will complement our digital assets offer with the right coverage of assets and curve structures to manage digital assets risk.”
Ambre Soubiran, CEO of Kaiko, commented: “We’re thrilled to collaborate with Murex to facilitate real-time portfolio management. This partnership will extend the reach of our cryptocurrency market data and indices, providing substantial value to Murex’s global client base as they look to expand into the digital asset market.”
Murex added S&P Global’s OTC derivatives data
Murex recently expanded its partnership with S&P Global Market Intelligence in a move that focuses on model validation and market data integration into MX.3, Murex’s platform. The model validation team at Murex is utilizing S&P Global Market Intelligence for monitoring and validating front-office pricing and risk models within MX.3. This process encompasses the entire lifecycle of model validation across various asset classes.
Financial models and quant teams have faced challenges due to central bank policy changes impacting rate curves. Murex’s financial engineers regularly assess model performance under these conditions, conducting tests on model stability, market fit, hedging efficiency, and the regularity of greeks.
Murex has developed direct connectivity between MX.3 and S&P Global Market Intelligence Derivatives Data. This integration covers a range of data including equity, FX, interest rates, credit, and inflation. It benefits asset managers, hedge funds, pension funds, insurance companies, and banks by providing access to comprehensive data without needing specific integration.
S&P Global Market Intelligence sources its derivative data from multiple providers, including exchanges, inter-dealer brokers, and OTC market-makers. This ensures deep, accurate, and reliable data for various financial operations. The collaboration provides extensive cross-asset coverage, even for less liquid and long-dated products, offering comprehensive market insights. This service is beneficial for trading, research, and compliance requirements globally.
