OTC trading platform OTCX has entered a multi-year partnership with BlackRock’s Aladdin, integrating its electronic execution venues directly into the investment management system. The move aims to reduce the industry’s dependence on “voice” trading in OTC derivatives and extend electronic access for both buy-side firms and dealers, says OTCX in a press release.
Much of the OTC derivatives market continues to rely on manual communication and fragmented workflows. By linking OTCX’s platform with Aladdin, the partners seek to streamline the full trade lifecycle, from price discovery and execution through to post-trade processing, within a single system. The integration covers a wide range of OTC derivative instruments and is intended to make trading more efficient, transparent, and consistent.
Electronic execution
The collaboration adds another electronic execution channel to Aladdin’s ecosystem, giving users a broader set of liquidity options and helping to reduce operational risks associated with manual handling.
According to OTCX CEO Nicolas Koechlin, the connection with Aladdin represents a practical step in the industry’s gradual shift away from voice-based trading. He said the goal is to offer participants more efficient and cost-effective ways to operate in a market that has long been fragmented.
