OTCX sees client demand for automated allocations to further ease the burden of manual tasks.

Would life be better if you could send a block trade to multiple dealers knowing all the CDEA and ISDA restrictions on the underlining accounts would be automatically dealt with, as well as any clearing broker and clearing house splits?

With many more of us working from home for much of the week, manual processes are also not compliant with regulatory and operational expectations.

We know that OTC Derivatives allocations can be a real nightmare, complex spreadsheets and potential errors and mistakes. An operational risk spaghetti junction. This is also compounded when trading manually on “Chat” or “Voice”.

79% of Interest rate derivatives are still traded via arcane mediums such as voice, chat or email which is inherently risky.

OTCX's RFQ solution brings analytics, operational efficiencies and regulatory compliance both to clients and dealers in OTC markets.