LCH.Clearnet has expanded its interest rate swap (IRS) clearing service, SwapClear, with the implementation of Murex’s capital markets platform, MX.3. The technology, which has been adapted by LCH.Clearnet and Murex, will replace a series of legacy systems and offer enhanced risk management capabilities. The enhanced solution can manage 25,000 IRS trade sides per hour and a total portfolio of four million trade sides, doubling SwapClear’s previous capacity. The system has been designed to scale to 10 million trade sides.
Click here for the release from LCH.Clearnet.