OTCX, a regulated fintech company redefining over-the-counter (OTC) derivatives trading, has announced a multi-year partnership with BlackRock’s Aladdin platform. The collaboration aims to digitize dealer-to-client “voice” derivative trading and broaden the electronic trading options available to market participants.
This partnership marks a key step toward reducing the industry’s reliance on manual voice-based workflows in complex derivatives. It will enhance efficiency, transparency, and market accessibility across a wider range of OTC derivatives.
Advancing Electronic OTC Derivative Trading
By integrating OTCX’s execution venues within the Aladdin platform ecosystem, the partnership offers Aladdin clients a seamless, cost-effective, and data-driven trading experience. Users can efficiently discover prices, manage risk, and execute trades through a unified digital interface.
The integration provides end-to-end workflow automation, supporting every stage from price discovery and market requests to execution and post-trade processing. This streamlined process improves connectivity and visibility across multiple OTC derivative products.
Nicolas Koechlin, CEO of OTCX, said, “Integrating with Aladdin is a pivotal step for us and the wider OTC derivatives market. Our goal is to deliver more choice, lower costs, and simplify workflows in traditionally complex markets.”
He added, “Together with BlackRock Aladdin, we are accelerating the shift from manual voice trading to digital execution, bringing transformative value to buy-side firms and dealers globally.”
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News Source: Prnewswire.com
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