MX.
3 for FX Cash
Trading
MX.3 for FX Cash Trading has been designed as a global hub in a connected world
of automated trading, delivering high throughput capacity and outstanding performance.
Its end-to-end value chain provides clients with a single platform that enables position
consolidation, business innovation and growth, risk management and post-execution
processes. Used by over 150 companies across the globe, MX.3 for FX Cash Trading
can handle over half a million trades per day and is suitable for both sales and trading desks.
Comprehensive product coverage and
Key benefits lifecycle management
• Automates the connection between traders, • Supports spot, forward and FX swap desks.
sales and electronic distribution.
• Handles NDF, pro-rata, time options and split values.
• Centralises trading on a single platform that
provides a complete view of the official • C
overs both hard and soft margin management with
positions, risk and P&L in real time. automated profit attribution.
• Increases operational efficiency with a single • Automates risk allocation, such as outright converted
platform that supports full STP, including up- into spot and FX swap or loan/deposit, or an illiquid
and down-stream connectivity. cross FX contract into liquid contracts.
• Enables global operation with 24-hour trading • Efficiently connects sales and traders with pricing,
and continuous processing across multiple automatic and manual RFQ workflows, as well as
businesses and entities. archiving features.
• Supports large volume business, delivering high • Fully supports allocation, extension, early termination,
performance, high availability and low latency. partial or complete, with automatic propagation to
the position.
Real-time global position keeping dashboard Fully integrated chain from front-to-back
• Handles intraday trading and official • Reduced time-to-match with high matching rates,
position keeping. a result of low latency from capture to confirmation.
• Designed for sales, spot and trading profiles, user • Large scale of confirmation media to deliver a high
experience is enhanced with a single screen view STP rate for any counterparty type.
for trade input, position and trade management.
• F
ull STP with connectivity to market facilities such
• F
ast deal input with automatic field completion, market as CLS, Traiana CCP Connect for matching/clearing
sanity check, one-click trading, and limits checking. of FXNDF, and support of SWIFT ISO 20022.
• R
eal-time risk indicators with powerful slice and dice • H
igh settlement-compression rates thanks to netting
tools to analyze data including FX exposure, multi- processes from multilateral to bilateral.
curve interest rate risk, as well as fixing risk.
• Allows for trade monitoring with real-time
• F
lash risk-based P&L with time decay, market performance and risk indicators, as well as user
movement and daily trading activity. defined controls along the entire processing chain.
• Real-time cash and security inventory, and future • A complete subledger framework with multi-GAAP
projection. compliance.
• Flash P&L reports and full access to historical • Includes a flexible reporting engine connected
dashboards. to DTCC GTR for regulatory reporting.
• Sales revenue computation, risk transfers, post-trade • Connectivity and reporting framework based on
client monitoring and reporting. industry standards, including FIX, to easily integrate
with the client IT landscape.
• U
pstream connectivity to key market infrastructure,
including 360T, FXAll, Bloomberg FXGO, EBS, RET,
and TOF.
The power of a single platform
A robust and high-performing solution MX.3 is an open and modular platform that sits at
the center of your IT infrastructure and is connected
• This robust solution is scalable for high trading to the wider market. Part of this single platform, all
volumes with low latency. MX.3 trading solutions give you advanced front-
• It eliminates inefficiencies along the entire chain, office analytics and a consolidated view of risks and
providing a high STP rate to more than 10,000 daily assets in real time, with native integration of trading
users worldwide around the clock. and risk. It also provides full coverage of post-
trade operations, from documentation through to
settlement, reporting and accounting.
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