Abanca portugal adopts murex’s mx.3 for unified trading infrastructure
Lisbon-based Abanca Portugal has implemented Murex’s MX.3 platform, signaling a strategic shift towards a consolidated capital markets operation.
A single system for complex operations
The firm, previously known as Banco BIC, is leveraging MX.3 as its core infrastructure—housing trading, operations, and risk management—a move aimed at streamlining workflows and strengthening control across its entire asset class portfolio. This isn’t simply about modernization; it’s a fundamental restructuring of how Abanca approaches its capital markets activities.
MX.3, according to officials, offers a comprehensive suite of capabilities, encompassing trading and pricing engines, sophisticated middle office workflows, robust back-office processing, and critical functionalities for collateral management, market and credit risk analysis, and importantly, regulatory compliance. The objective is clear: to replace a patchwork of legacy systems with a unified, scalable solution.
Strategic expansion and investment
“We are equipping the organization with a state-of-the-art capital markets platform,” stated Javier Rivero, Director of IT Investments and Insurance at Abanca Portugal. “This strengthens our capabilities and supports our long-term ambitions in the region.” The investment underscores Abanca’s commitment to bolstering its presence in the Portuguese market, a key strategic target for Murex.
Murex group head of sales, Edouard Balliere, echoed this sentiment, stating that the implementation represents a significant milestone for Murex’s expansion within Portugal. “This milestone reinforces Murex’s commitment to the Portuguese market… We look forward to achieving new milestones and successes together with Abanca.”
The adoption of MX.3 represents more than just a technological upgrade; it's a calculated move to enhance operational efficiency, reduce risk exposure, and accelerate the introduction of new financial products. Abanca is effectively building a digital foundation for future growth, and Murex is positioning itself as a critical partner in that evolution. The scale of the undertaking—a complete overhaul of a significant financial institution’s infrastructure—highlights the increasing reliance on sophisticated Technology to navigate the complexities of today’s capital markets.