Shinhan Bank Live on Murex MX.3
Korea’s Shinhan Bank is now live with Murex’s MX.3 solution for its front office interest rate derivatives and foreign exchange options activities. Shinhan Bank selected Murex in March 2007 and has now deployed the solution to front office traders and marketers in Korea. MX.3 is positioned as a cross asset platform offering functionality in each asset class. The thinking behind this is to try and integrate ‘best of breed’ and ‘integrated platform’ concepts. In addition, the company says that MX.3 provides clients with a platform delivering standard processes and coverage for standard products on all asset classes, while offering extension abilities for in-house development of value-added functionality.