![]() ![]() MX.3, Murex’s flagship platform, supports trading, treasury, risk and post-trade operations. They are now required to produce Greeks for the Isda standard initial margin model calculations. “It comes in many flavours depending on the countries, but the popularity of this basic framework is near-universal despite its potential risks,” he says.Īs volumes for autocallables rise across Asia, banks handling these products in an ‘artisanal’ manner, typically in spreadsheets, realise they need to upgrade their IT capacity to handle autocallables.īanks also face additional pressure from regulators to evaluate and adequately manage the risk of these products, with recent regulations such as the bilateral initial margin reform. Omar El Harit, head of front-office client services, Asia-Pacific at Murex, says the best seller in the Apac region is autocallables, a structured product that can return the capital and attractive coupons if a basket of stocks all remain stable or go up, at the expense of a risk of losing part of all the capital if one of the stocks plunges. In the current low-interest-rate environment, equity products and equity structured products have been popular with yield-hungry investors.
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