In what has been a mentally, physically, and psychologically tumultuous year it would be easy to focus on the negatives but despite it all we thought we would sign off with a year-end review of the positives.
We have seen large corporations synchronise to generate a vaccine, we have seen supply chains reconfigured almost instantaneously, large corporations rapidly adapt, central bank policy coordination and global populations unite in support of their health services.
All in all, it has been a dark passage in human history but there have been many beacons of light combining to support and protect local and global communities.
We at OTCX also thought this an opportune time to reflect on our own progression in 2020 driven by the requirements of the OTCX community.
With new customers and new features OTCX has pioneered with the following innovations, transmitted digitally via our platform.
The Electronification and FIX STP of the following-
· IRS-OIS across 30 different currencies – cleared and bilateral
· Inflation swaps across EUR – GBP – USD
· Cross Currency swaps including-
Basis including AUD – GBP – CAD – EUR – NZD
Fix-Float including RUB and TRY
Fix-Fix
· Asset swaps including -
Par-Par ASW and XCCY ASW
Linker asset swaps (swaps + bonds)
· Matched maturity swaps
· Packages of IRS – inflation – zero coupon swaps and bonds
· TRS on bonds and inflation linked bonds
· Swaptions
Using multiple strategy types-
· Two-way fixed rate
· Two-way spread on floating leg
· Two-way NPVs or premiums
· As single outrights /curves / flies or bespoke packages
· Rolls – compressions – libor transitions
None of this would be possible without the interaction with our customers and broader community, and we thank you all for being so engaged in 2020.
We look forward to a bright future for everyone globally in 2021 and bestow the very best of seasonal wishes and a happy new year.