Murex and Duco have partnered to administer an end-to-end reconciliation solution to capital markets.
As part of the partnership, Murex will use its MX.3 platform alongside self-service data integrity and reconciliation services provider Duco to improve automation and straight-through processing across asset classes.
MX.3 data will be available via Duco’s cloud-based software-as-a-service platform to allow Murex’s clients from both the buy and sell side to complete reconciliations for security, collateral, and cash positions.
Additionally, MX.3 users will be able to quickly upload data, employ machine learning functionalities to increase set-up speeds, and create an overall smart workflow.
Christian Nentwich, CEO of Duco, comments: “We are delighted to partner with Murex, a leading player in the capital markets industry, who share our vision of reducing friction throughout the trade lifecycle by leveraging intelligent technology. Our mutual clients will see significant time savings as a result, while also having complete trust in their data.”
Etienne Ravex, head of product management for operations at Murex, adds: “This partnership allows us to propose the best post-trade solution to our clients to better control operational risk management, increase straight-through processing rates, and ultimately automate the end to end processes. We are looking forward to adding more use cases to this joint solution in the near future.”
