OTCX and Aladdin Partner to Digitize OTC Derivative Trading

OTCX, a regulated fintech firm specializing in OTC derivatives trading, has entered a multi-year partnership with Aladdin, BlackRock's investment management technology platform. The collaboration aims to digitize dealer-to-client voice derivative trading and expand electronic trading options for clients.

The initiative targets the industry's reliance on manual, voice-based workflows for complex derivatives, offering more efficient and transparent alternatives. By integrating OTCX's execution venues into Aladdin's ecosystem, clients will gain improved price discovery, risk management, and trade execution across a broad range of OTC derivatives.

Nicolas Koechlin, CEO of OTCX, emphasized the significance of the integration, stating it marks a pivotal step for the OTC derivatives market. The partnership promises lower costs, greater choice, and streamlined workflows for market participants.