Thoughtcoders delivers specialized testing for Murex MX.3 implementations, upgrades, and interfaces — covering front office trading, middle office risk, back office settlements, treasury, and collateral management. We combine capital markets domain expertise with Murex-native tools like MxTest and Onyx to protect trade accuracy and regulatory compliance at every release.
From trade capture to regulatory submission, we bring capital markets domain expertise to every module of the MX.3 front-to-back architecture.
Deal capture, pricing model validation, and trade booking testing across FX, rates, equities, commodities, and credit derivatives — ensuring trades flow correctly from execution into the book.
Validation of VaR calculations, PnL attribution, market risk sensitivities, credit risk exposure, and limit monitoring — confirming risk figures reconcile accurately across the platform.
Trade confirmation, settlement instruction generation, nostro/depot reconciliation, and SWIFT messaging validation — ensuring clean, accurate post-trade processing end to end.
Cash management, funding cost calculations, liquidity risk metrics, and real-time position testing — validating treasury desks have accurate, timely visibility into liquidity.
Margin call calculation, CSA agreement logic, and securities finance workflow testing — validating collateral operations across cleared and bilateral trading relationships.
EMIR, Dodd-Frank, MiFID II, and SFTR trade and transaction reporting validation — confirming report fields, timing, and submission formats meet regulator specifications.
From day-to-day regression testing to full platform upgrades — every service is purpose-built to protect trade accuracy, risk integrity, and regulatory compliance.
End-to-end functional validation of trade capture, pricing, risk, and settlement workflows — with regression suites that protect existing functionality on every MX.3 configuration change.
Validation of SWIFT, FIX, and market data feed interfaces, along with downstream connections to general ledger, reconciliation, and reporting systems — ensuring clean straight-through processing.
Automated regression frameworks built on Murex-native MxTest and Onyx, extended with custom scripting for UI, API, and batch validation — cutting manual regression effort dramatically.
Version upgrade validation and data migration testing for MX.3 platform transitions — including configuration comparison and legacy-to-new-version behavior verification.
Independent validation of VaR, sensitivities, and PnL attribution calculations against expected results — catching risk engine discrepancies before they reach risk committees.
Field-level validation of EMIR, Dodd-Frank, MiFID II, and SFTR reports — confirming trade and transaction data maps correctly and submissions meet regulator formatting requirements.
Capital markets systems can't afford ambiguity. Our methodology is built around reconciliation and parallel validation — not just pass/fail test cases.
We map your front-to-back trade flows, asset class coverage, and MX.3 configuration to understand exactly which modules, interfaces, and reports are in scope.
We define a test strategy spanning SIT, UAT, and pre-production environments, with test data covering every relevant asset class, currency, and counterparty scenario.
We build and extend MxTest and Onyx regression suites covering trade capture, risk calculations, and settlements — reducing weeks of manual regression to hours.
For upgrades and migrations, we run legacy and new environments side by side, reconciling trade, risk, and settlement outputs line by line until results match exactly.
We provide hypercare support through go-live and early production cycles, validating end-of-day results and regulatory submissions until the platform is proven stable.
Testing a trading and risk platform requires more than QA skills — it requires people who understand the business behind the trades.
Our testers understand front-to-back trade flows, risk methodologies, and settlement mechanics — not just the MX.3 screens, but the business logic behind them.
We build on Murex-native automation tooling rather than reinventing it — accelerating regression coverage while staying aligned with Murex's own testing ecosystem.
Upgrades and migrations are validated through disciplined side-by-side reconciliation — not sampling — so discrepancies are caught before they reach production.
We validate EMIR, Dodd-Frank, MiFID II, and SFTR reporting with the same rigor as trade testing — protecting you from costly compliance breaches.
From FX and rates to credit derivatives and commodities, our teams cover the full breadth of asset classes MX.3 supports across global trading desks.
Sprint-based, milestone-based, or fully embedded engagement models designed to fit bank and asset manager governance, security, and release processes.
We combine Murex-native tooling with proven automation and reconciliation platforms to deliver comprehensive, auditable test coverage.
Measurable outcomes across Murex MX.3 testing engagements — from regression speed to go-live confidence.
Talk to our Murex MX.3 testing specialists — get a free assessment of your current test coverage and upgrade readiness.