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.

Scotia Capital vice-chairman and deputy head for Global Capital Markets and global head for Foreign Exchange and Precious Metals Barry Wainstein said they are very happy with the partnership and support that they have received from Murex.

"This implementation will allow us to enhance our product offering and meet the demands of our growing client base," Wainstein said.

Murex North America President Antoine Mourad they 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.