The development reflects the industry’s demand to digitize manual processes in over the counter (OTC) derivatives trading.
OTCX announced on Thursday that it has facilitated the world’s first electronic non-deliverable interest rate swaps in a number of emerging market currencies. The currencies in question are the Colombian Peso (COP), Malaysian Ringgit (MYR), Chilean Peso (CLP), Chinese Yuan (CNY) and the Taiwan Dollar (TWD).
According to the statement, the development reflects the industry’s demand to digitize manual processes in over the counter (OTC) derivatives trading. This is driven by increased regulatory reporting obligations and cost constraints.
OTCX owns and operates an over-the-counter and multi-dealer derivatives platform. With the execution of the interest rate swaps, the operator is now also the first to facilitate two-way electronic price discovery in more than 27 currencies. These cover both G10 and emerging market currencies.
Commenting on the development, Nicolas Koechlin, founder and CEO of OTCX, 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 aims to digitize the global OTC derivatives market
OTCX automates the relationship between buy side and Liquidity providers in vanilla and exotic derivatives. This is typically a manually intensive relationship. The derivatives platform operator uses a browser-based digital portal to replace voice and chat with Straight Through Processing (STP). It also incorporates Analytics , which together increases the efficiency of the process.
In the past, OTCX has been active in Interest Rate Derivatives for new risk and compression in Singapore Dollar (SGD), Brazilian Real (BRL), Czech Koruna (CZK), Israeli Shekel (ILS), Korean Republic Won (KRW), Hungarian Florin (HUF), Thai Baht (THB), Polish Zloty (PLN), Mexican Peso (MXN), Indian Rupee (INR), Hong Kong Dollar (HKD), and South African Rand (ZAR).
OTCX announced on Thursday that it has facilitated the world’s first electronic non-deliverable interest rate swaps in a number of emerging market currencies. The currencies in question are the Colombian Peso (COP), Malaysian Ringgit (MYR), Chilean Peso (CLP), Chinese Yuan (CNY) and the Taiwan Dollar (TWD).
According to the statement, the development reflects the industry’s demand to digitize manual processes in over the counter (OTC) derivatives trading. This is driven by increased regulatory reporting obligations and cost constraints.
OTCX owns and operates an over-the-counter and multi-dealer derivatives platform. With the execution of the interest rate swaps, the operator is now also the first to facilitate two-way electronic price discovery in more than 27 currencies. These cover both G10 and emerging market currencies.
Commenting on the development, Nicolas Koechlin, founder and CEO of OTCX, 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 aims to digitize the global OTC derivatives market
OTCX automates the relationship between buy side and Liquidity providers in vanilla and exotic derivatives. This is typically a manually intensive relationship. The derivatives platform operator uses a browser-based digital portal to replace voice and chat with Straight Through Processing (STP). It also incorporates Analytics , which together increases the efficiency of the process.
In the past, OTCX has been active in Interest Rate Derivatives for new risk and compression in Singapore Dollar (SGD), Brazilian Real (BRL), Czech Koruna (CZK), Israeli Shekel (ILS), Korean Republic Won (KRW), Hungarian Florin (HUF), Thai Baht (THB), Polish Zloty (PLN), Mexican Peso (MXN), Indian Rupee (INR), Hong Kong Dollar (HKD), and South African Rand (ZAR).
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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