“Murex’s out-of-the-box coverage for native Brazilian products and local market conventions transformed our capital markets systems landscape. The MX.3 implementation enhances our time-to-market capabilities, improves our cost-income ratio, and reduces total cost of ownership (TCO).”
Dutch banking giant Rabobank and global trading software leader Murex have successfully expanded their partnership with the implementation of back office, operations, and finance on the MX.3 platform in Brazil. This move is part of Rabobank Brazil’s broader IT transformation and follows previous front office and risk implementations on the same platform.
The MX.3 platform will now support a comprehensive range of onshore and offshore financial products, offering capabilities from trade capture and pricing to position and treasury management, as well as compliance with local regulations. The project aligns with Brazil’s central banking and financial market regulations, including those from Banco Central do Brasil (BCB), Conselho Monetario Nacional (CMN), and Commissão de Valores Mobiliários (CVM).
MX.3 platform covers range of onshore and offshore financial products in Brazil
Monique Hoeben, Rabobank…
