NEW YORK, April 28 /CNW/ - Scotia Capital, the wholesale banking arm of
Scotiabank, has successfully expanded its commodities business with the
implementation of the Murex MX.3 system for its base metals trading.
"We are thrilled to have met Scotiabank's time to market challenge for
rolling out an integrated solution for base metals trading for listed
and over-the-counter derivatives," said Antoine Mourad, President of
Murex North America.
MX.3 provides an end-to-end solution, addressing front and middle office
functions, with the ability to generate confirmations, statements,
settlements, accounting and collateral management.
"We are very happy with the partnership and support that we have
received from Murex," said Barry Wainstein, Vice-Chairman and Deputy
Head, Global Capital Markets and Global Head, Foreign Exchange and
Precious Metals, Scotia Capital. "This implementation will allow us to
enhance our product offering and meet the demands of our growing client
Scotia Capital is the global corporate and investment banking and
capital markets division of the Scotiabank Group. We help corporate,
institutional and government clients in Canada and around the globe
seize opportunities, unlock value, and achieve their financial goals.
Scotia Capital has 29 offices and more than 300 relationship managers
organized around industry specialties. For more information, please
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 70,000 employees,
Scotiabank Group and its affiliates serve some 18.6 million customers
in more than 50 countries around the world. Scotiabank offers a broad
range of products and services including personal, commercial,
corporate and investment banking. With assets above $541 billion (as at
January 31, 2011), Scotiabank trades on the Toronto (BNS) and New York
Exchanges (BNS). For more information please visit http://www.scotiabank.com.
Building on over 25 years of successful presence in capital markets,
Murex has developed an unmatched competence in the design and
implementation of integrated trading, risk management and processing
solutions for top financial institutions, clearing houses, corporations
and utilities located across the globe. Our 200 clients range from
leading market makers to large-sized or medium-sized buy-side and
sell-side institutions. Over 36,000 users rely on MX.3(TM), the latest
Murex platform, and on our strong market knowledge to support their
businesses and keep pace with new practices induced by market evolution
and regulatory changes. Implementations powered by the MXpress(TM)
approach leverage the wealth of business content accumulated by Murex
over the two decades through pre-packaged components of the platform
while offering an accelerated process of delivery.
For further information:
Mireille Adebiyi, Murex Group - Marketing and Communications Manager, Mireille.firstname.lastname@example.org.