OTCX Partners with BlackRock Aladdin to Digitize OTC Derivative Trading
OTCX has entered into a strategic partnership with BlackRock’s Aladdin® platform to digitize OTC derivative trading, integrating OTCX’s execution venues into Aladdin’s ecosystem to offer clients a more seamless, transparent, and automated workflow across derivatives markets.
What This Partnership Enables
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From Voice to Digital Execution: Traditional dealer-to-client derivatives trades often conducted via voice and manual processes will be shifted into electronic workflows within Aladdin.
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Full Workflow Support: Users of Aladdin will gain access to modules spanning price discovery, request-for-market, execution, and post-trade processing, all through integrated connectivity with OTCX’s platform.
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Expanded Product Access: The collaboration aims to broaden the set of OTC derivatives that can be traded electronically starting with more vanilla instruments and reduce dependence on legacy manual workflows.
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Greater Choice & Efficiency: Aladdin clients will benefit from enhanced transparency, improved pricing options, and cost efficiencies made possible by digitizing previously fragmented workflows.
Nicolas Koechlin, CEO of OTCX, noted that the integration with Aladdin is a “pivotal step” for unlocking more choice, lower costs, and efficiency in derivative markets that have long been complex and fragmented.
Why This Move Matters
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Modernizing Derivatives Markets: The derivatives space has long lagged in automation. This partnership is a strong signal that even complex OTC trading is ready for tech-driven transformation.
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Bridging Buy- and Sell-Side: By bringing OTCX execution into Aladdin’s client base, the deal helps unify institutional trading and portfolio systems on a single platform.
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Scalable Efficiency: Electronic workflows reduce manual errors, speed trade processing, and improve operational scalability for firms handling large volumes.
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Competitive Differentiation: Institutions with access to efficient, integrated trading tools gain an edge in execution cost, liquidity access, and responsiveness.
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