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Glossary

Over-the-Counter (OTC)

Trading done directly between two parties without the supervision of an exchange.

Over-the-Counter (OTC) News

Industry
DTCC and Cboe Clear Europe introduce new clearing workflow

The companies say the offering will increase post-trade efficiencies while providing clients with the benefits of an established risk management counterparty

OSTTRA partners with Baton to limit FX settlement risk

Baton will provide its distributed ledger technology to deliver the service which has been designed to limit FX settlement risk, or Herstatt Risk

Industry
Elwood receives FCA authorisation

The authorisation specifically applies to the company’s execution management system in reaction to security tokens and derivatives, which allows clients to connect to and trade on global crypto exchanges and over-the-counter venues

Fortune Prime Global picks TRAction

TRAction will provide over-the-counter derivative reporting compliance in line with Australian Securities and Investments Commission requirements

Industry
Hidden Road launches prime brokerage offering

The offering will be run from Hidden Road Partners CIV UK, with front-end and matching technology provided by Crossover Markets

J.P. Morgan’s TCN facilitates collateral settlement for a live-client OTC derivative transaction

As part of the initiative, BlackRock and Barclays are now live on TCN, an application which sits on J.P. Morgan’s Onyx Digital Assets platform, operating as a private blockchain

TS Imagine partners with Cassini Systems on analytics services

Through the partnership, TS Imagine users will gain access to these intelligent analytics for over-the-counter and exchange-traded derivative products

Industry
UniSuper picks BNP Paribas for triparty collateral services

The Australian superannuation fund has selected BNP Paribas’ Securities Services to provide triparty services for its trading activity