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The Lisbon-based firm is using MX.3 as the backbone for its trading, operations, and risk management infrastructure.
The firm Abanca Portugal — formerly known as Banco BIC and acquired by Abanca Corporación Bancaria — has gone live with the capital markets platform MX.3 from Murex to manage its trade life cycle on a single system, officials say.
In fact, Abanca Portugal, based in Lisbon, using MX.3 as a “scalable trading, operations, and risk management infrastructure,” officials say.
The MX.3 platform “covers trading and pricing, middle office workflows, back office processing, collateral, market and credit risk, as well as regulatory processes,” officials say. “This unified setup replaces fragmented systems, enhances operational efficiency, strengthens risk controls, and accelerates the launch of new products across asset classes.”
With MX.3 live, “we are equipping the organization with a state-of-the-art capital markets platform that strengthens our capabilities and supports our long-term ambitions in the region,” says Javier Rivero, director of IT investments and insurance at Abanca Portugal, in a prepared statement.
With the Abanca Portugal implementation, Murex officials intend to extend their presence in Portugal. “This milestone reinforces Murex’s commitment to the Portuguese market … We look forward to achieving new milestones and successes together with Abanca,” says Edouard Balliere, group head of sales for Murex, in a statement.
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