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Banorte partners with Murex<br />
Grupo Financiero Banorte has enhanced experience significantly improved FX<br />
its FX derivatives trading client services, derivatives trading process efficiencies.<br />
powered by MX.3, Murex’s integrated “The Banorte transformation journey<br />
platform. The leading Mexican bank has involved many breakthroughs,”<br />
implemented a self-service to strengthen said Abraham M. Izquierdo, managing<br />
its corporate client business and further director, traded and treasury risks at<br />
its digitalization strategy. The goal of Banorte. “However, one of the most<br />
Banorte is to enable these clients to significant milestones has been the<br />
perform FX derivatives transactions self-service product offering. This<br />
by integrating MX.3 with an internal offering aligns closely with Banorte’s<br />
banking portal, Cambios Banorte digital strategy and meets the specific<br />
en Línea (CBL). The back end of<br />
expectations of our client base.” Banorte<br />
MX.3 facilitates complete self-service and Murex have a 12-year history of<br />
functionality to these clients, which collaboration. Banorte has expanded<br />
MX.3 use over this time, incorporating<br />
new modules and asset class coverage.<br />
In 2022, Banorte built a completely new<br />
XVA desk and revamped its PFE limits<br />
management. It chose Murex to support<br />
its risk and front office teams.<br />
Abraham M. Izquierdo<br />
NEWS<br />
Finalto embeds Gold-i’s MatrixNET into ClearVision<br />
Finalto has strengthened its longterm<br />
relationship with Gold-i,<br />
connecting Gold-i’s enhanced liquidity<br />
management platform, MatrixNET<br />
directly into its trading and account<br />
management system, ClearVision. Paul<br />
Groves, Finalto CEO explains, “Finalto<br />
and Gold-i have had a long-standing<br />
relationship dating back to the days of<br />
CFH Clearing. We are always looking<br />
at the best products and services<br />
to interact with our client base. The<br />
introduction of the Gold-i MatrixNet<br />
system backs our belief in offering<br />
only the best range of products and<br />
services to our clients. We look forward<br />
to continuing our working relationship<br />
with Gold-i over the coming years.” Tom<br />
Higgins, Gold-i CEO adds, “Key to our<br />
growth strategy for MatrixNET is for LPs<br />
Paul Groves<br />
to embed our software as an additional<br />
distribution and aggregation platform<br />
within their own technology. The<br />
simplicity and flexibility of our contract<br />
terms, combined with our robust and<br />
feature-rich technology for multi-asset<br />
liquidity distribution and aggregation,<br />
makes it a really attractive proposition<br />
for LPs. We are delighted that Finalto, a<br />
global market leader, is one of the first<br />
major LPs to license our new combined<br />
MatrixNET software. This installation<br />
of MatrixNET extends a strong and<br />
mutually beneficial partnership<br />
between Gold-i and Finalto.”<br />
Reactive Markets goes live with RFQ<br />
Reactive Markets has announced the<br />
addition of Request For Quote (RFQ)<br />
support on the service. RFQ functionality<br />
is made available across all channels<br />
(API/GUI/Mobile) and workflows,<br />
including upload and order staging<br />
functionality. “Our commitment to<br />
clients has always been to deliver the<br />
most cost effective, technology driven<br />
trading experience across all FX products<br />
and protocols. With the addition of<br />
RFQ and Order Staging functionality<br />
we provide the largest institutional<br />
clients with a technology solution<br />
that seamlessly plugs into any existing<br />
upstream and downstream trading<br />
processes” said Henry Durrant, Head<br />
of Business Development at Reactive<br />
Markets. “Traditionally clients have been<br />
beholden to a lack of execution flexibility<br />
ultimately leading to higher costs of<br />
execution. Our solution changes this<br />
giving users complete discretion over<br />
the order staging and routing process,<br />
leveraging any protocol to achieve best<br />
execution across ESP, RFQ and Algo.”<br />
Reactive Markets allows LPs to distribute<br />
prices to large numbers of clients, who<br />
can trade on a fully disclosed basis<br />
with their relationship LPs at no cost,<br />
connecting via a single API, front-end<br />
trader desktop and mobile app. Clients<br />
can trade FX Spot, Forwards, NDF,<br />
Swap and NDF Swap products across<br />
Streaming, RFQ & Algo protocols with<br />
25+ of the leading tier 1 bank, nonbank<br />
and regional specialist liquidity<br />
providers.<br />
Henry Durrant<br />
8 NOVEMBER 20<strong>23</strong> e-FOREX
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