Banorte partners with Murex Grupo Financiero Banorte has enhanced experience significantly improved FX its FX derivatives trading client services, derivatives trading process efficiencies. powered by MX.3, Murex’s integrated “The Banorte transformation journey platform. The leading Mexican bank has involved many breakthroughs,” implemented a self-service to strengthen said Abraham M. Izquierdo, managing its corporate client business and further director, traded and treasury risks at its digitalization strategy. The goal of Banorte. “However, one of the most Banorte is to enable these clients to significant milestones has been the perform FX derivatives transactions self-service product offering. This by integrating MX.3 with an internal offering aligns closely with Banorte’s banking portal, Cambios Banorte digital strategy and meets the specific en Línea (CBL). The back end of expectations of our client base.” Banorte MX.3 facilitates complete self-service and Murex have a 12-year history of functionality to these clients, which collaboration. Banorte has expanded MX.3 use over this time, incorporating new modules and asset class coverage. In 2022, Banorte built a completely new XVA desk and revamped its PFE limits management. It chose Murex to support its risk and front office teams. Abraham M. Izquierdo NEWS Finalto embeds Gold-i’s MatrixNET into ClearVision Finalto has strengthened its longterm relationship with Gold-i, connecting Gold-i’s enhanced liquidity management platform, MatrixNET directly into its trading and account management system, ClearVision. Paul Groves, Finalto CEO explains, “Finalto and Gold-i have had a long-standing relationship dating back to the days of CFH Clearing. We are always looking at the best products and services to interact with our client base. The introduction of the Gold-i MatrixNet system backs our belief in offering only the best range of products and services to our clients. We look forward to continuing our working relationship with Gold-i over the coming years.” Tom Higgins, Gold-i CEO adds, “Key to our growth strategy for MatrixNET is for LPs Paul Groves to embed our software as an additional distribution and aggregation platform within their own technology. The simplicity and flexibility of our contract terms, combined with our robust and feature-rich technology for multi-asset liquidity distribution and aggregation, makes it a really attractive proposition for LPs. We are delighted that Finalto, a global market leader, is one of the first major LPs to license our new combined MatrixNET software. This installation of MatrixNET extends a strong and mutually beneficial partnership between Gold-i and Finalto.” Reactive Markets goes live with RFQ Reactive Markets has announced the addition of Request For Quote (RFQ) support on the service. RFQ functionality is made available across all channels (API/GUI/Mobile) and workflows, including upload and order staging functionality. “Our commitment to clients has always been to deliver the most cost effective, technology driven trading experience across all FX products and protocols. With the addition of RFQ and Order Staging functionality we provide the largest institutional clients with a technology solution that seamlessly plugs into any existing upstream and downstream trading processes” said Henry Durrant, Head of Business Development at Reactive Markets. “Traditionally clients have been beholden to a lack of execution flexibility ultimately leading to higher costs of execution. Our solution changes this giving users complete discretion over the order staging and routing process, leveraging any protocol to achieve best execution across ESP, RFQ and Algo.” Reactive Markets allows LPs to distribute prices to large numbers of clients, who can trade on a fully disclosed basis with their relationship LPs at no cost, connecting via a single API, front-end trader desktop and mobile app. Clients can trade FX Spot, Forwards, NDF, Swap and NDF Swap products across Streaming, RFQ & Algo protocols with 25+ of the leading tier 1 bank, nonbank and regional specialist liquidity providers. Henry Durrant 8 NOVEMBER 20<strong>23</strong> e-FOREX
NOVEMBER 20<strong>23</strong> e-FOREX 9