OTCX building for the future
10 August 2018 London
Image: Shutterstock
OTCX, an independent digital portal for price discovery and negotiation in over-the-counter (OTC) derivatives, has reported this week that it has launched what it described as the world's first electronic non-deliverable interest rate swaps in a range of currencies: the Colombian peso, Malaysian ringgit, Chilean peso, Chinese yuan and Taiwan’s dollar.
It said this activity in new risk reflects the opportunities available for increased portfolio diversification, and the exponential growth in demand for a digital solution to replace manual processes in OTC derivatives trading.
Nicolas Koechlin, the company’s founder and chief executive, said: "We're expanding our growing emerging markets capability and pioneering the digitisation of the OTC derivatives market.”
“It is essential to overcome the needless obstacles and friction of voice and chat with a solution that offers greater transparency and access to prices across the spectrum of currencies and markets.”
“Our goal is to accelerate this process with innovative technology that serves the buy-side, sell-side and end-investor."
OTCX went on to say that in 2018 so far it has also been active in interest rate derivatives for new risk and compression in the currencies of Singapore, Brazil, Czechia Koruna, Israel, Korea, Hungary, Thai Baht (THB), Poland, Mexico, India, Hong Kong and South Africa.
The company said it is continuously expanding its range of currencies with leading liquidity providers for a fast-growing client base wanting price discovery and digital negotiation in an integrated workflow for the future.
It said this activity in new risk reflects the opportunities available for increased portfolio diversification, and the exponential growth in demand for a digital solution to replace manual processes in OTC derivatives trading.
Nicolas Koechlin, the company’s founder and chief executive, said: "We're expanding our growing emerging markets capability and pioneering the digitisation of the OTC derivatives market.”
“It is essential to overcome the needless obstacles and friction of voice and chat with a solution that offers greater transparency and access to prices across the spectrum of currencies and markets.”
“Our goal is to accelerate this process with innovative technology that serves the buy-side, sell-side and end-investor."
OTCX went on to say that in 2018 so far it has also been active in interest rate derivatives for new risk and compression in the currencies of Singapore, Brazil, Czechia Koruna, Israel, Korea, Hungary, Thai Baht (THB), Poland, Mexico, India, Hong Kong and South Africa.
The company said it is continuously expanding its range of currencies with leading liquidity providers for a fast-growing client base wanting price discovery and digital negotiation in an integrated workflow for the future.
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