OTCX, the regulated provider of price discovery and execution for OTC derivatives, has entered a multi-year partnership with BlackRock’s investment management platform, Aladdin. The collaboration aims to digitise the traditionally voice-based negotiation process for over-the-counter (OTC) derivatives and expand the electronic trading options available to clients.
By integrating OTCX’s execution venues into the Aladdin platform, the partnership will address the industry’s reliance on manual workflows for complex derivatives. The integration will provide Aladdin clients with a more efficient and transparent method for price discovery, risk management, and trade execution across a broad range of OTC derivatives.
Clients will benefit from end-to-end workflow support, from the initial request-for-market and execution through to post-trade processing. This will provide direct connectivity for a comprehensive set of OTC derivative instruments within the Aladdin ecosystem.
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