OTCX ?????????????????
New MM just jumped ahead the pack on ASK
Does anyone know anything about this seller?
http://www.otcxtrading.com/
London
Call: +44 (0)20 7060 4750
Email: info@otcxtrading.com
OTCX Trading Limited
49 Queen Victoria Street
London EC4N 4SA
United Kingdom
Sydney
Call: +61 (0)2 8015 2789
Email: info@otcxtrading.com
OTCX Australia Pty. Ltd.
Level 5, 115 Pitt Street
Sydney NSW 2000
Australia
The Angel CoFund makes investment in OTCX
07 November 2017 | 2295 views | 0 Source: OTCX
OTCX, the fast-growing over-the-counter derivatives platform, is delighted to announce that it has received backing from the Angel CoFund as part of its latest funding round.
The Angel CoFund is a £100m investment fund, supported by the British Business Bank, with objectives to back promising UK businesses and help develop the important business angel investment market.
In a market in which over 50% of OTC derivatives are traded via chat, email or voice technology, OTCX provides innovative solutions that help structure price discovery, negotiation and affirmation communication between counterparties. The investment by the Angel CoFund is further validation of OTCX’s technology and progress in bringing an antiquated OTC derivatives community into the 21st century.
The OTCX platform enables productivity and regulatory benefits to buy-side and sell-side firms. These include trade reconstruction and compliance with best execution policies under MIFID II, the regulation created to provide a safer, more transparent and evenly balanced marketplace as a whole. OTCX allows buy-side firms to digitalize their OTC derivative processes, especially for Interest Rate Derivatives that can be traded off venue as well as OTC equity derivative and structured products. The OTC derivative marketplace trades trillions of dollars of notional every day.
Nick Koechlin, the founder and CEO of OTCX, welcomed the new backing and added, “this investment allows us to accelerate our plans and to expand the reach of our existing offerings. Our clients are also very happy as we continue to remain independent and un-conflicted with other market participants, meaning that we can continue to implement solutions that work perfectly for all parties.”
“OTCX has developed a smart and sophisticated platform that enables greater efficiency and a better experience for all parties involved in the derivatives market,” said Tim Mills, Investment Director at the Angel CoFund. “It’s a clever and well-executed solution, and we’re pleased to announce this investment that will help the team to continue to deliver on their innovation.”
OTCX completed the investment from a syndicate of high-profile angel fintech investors, which included the Angel CoFund. As a result, Angel CoFund now holds a minority stake in OTCX.
https://www.finextra.com/pressarticle/71505/t...nt-in-otcx
New MM just jumped ahead the pack on ASK
Does anyone know anything about this seller?
Quote:At OTCX, we are driven by the desire to create a better OTC environment for Buy Side firms, including institutional asset managers, hedge funds, sovereign wealth funds and private banks.
The platform was launched in 2014 by a team of Buy Side technology experts and has already been recognised for its role in bringing cutting-edge functionality and product design to the OTC market.
As well as a wide variety of Buy Side clients, OTCX is supported by a growing list of global liquidity providers.
http://www.otcxtrading.com/
London
Call: +44 (0)20 7060 4750
Email: info@otcxtrading.com
OTCX Trading Limited
49 Queen Victoria Street
London EC4N 4SA
United Kingdom
Sydney
Call: +61 (0)2 8015 2789
Email: info@otcxtrading.com
OTCX Australia Pty. Ltd.
Level 5, 115 Pitt Street
Sydney NSW 2000
Australia
The Angel CoFund makes investment in OTCX
07 November 2017 | 2295 views | 0 Source: OTCX
OTCX, the fast-growing over-the-counter derivatives platform, is delighted to announce that it has received backing from the Angel CoFund as part of its latest funding round.
The Angel CoFund is a £100m investment fund, supported by the British Business Bank, with objectives to back promising UK businesses and help develop the important business angel investment market.
In a market in which over 50% of OTC derivatives are traded via chat, email or voice technology, OTCX provides innovative solutions that help structure price discovery, negotiation and affirmation communication between counterparties. The investment by the Angel CoFund is further validation of OTCX’s technology and progress in bringing an antiquated OTC derivatives community into the 21st century.
The OTCX platform enables productivity and regulatory benefits to buy-side and sell-side firms. These include trade reconstruction and compliance with best execution policies under MIFID II, the regulation created to provide a safer, more transparent and evenly balanced marketplace as a whole. OTCX allows buy-side firms to digitalize their OTC derivative processes, especially for Interest Rate Derivatives that can be traded off venue as well as OTC equity derivative and structured products. The OTC derivative marketplace trades trillions of dollars of notional every day.
Nick Koechlin, the founder and CEO of OTCX, welcomed the new backing and added, “this investment allows us to accelerate our plans and to expand the reach of our existing offerings. Our clients are also very happy as we continue to remain independent and un-conflicted with other market participants, meaning that we can continue to implement solutions that work perfectly for all parties.”
“OTCX has developed a smart and sophisticated platform that enables greater efficiency and a better experience for all parties involved in the derivatives market,” said Tim Mills, Investment Director at the Angel CoFund. “It’s a clever and well-executed solution, and we’re pleased to announce this investment that will help the team to continue to deliver on their innovation.”
OTCX completed the investment from a syndicate of high-profile angel fintech investors, which included the Angel CoFund. As a result, Angel CoFund now holds a minority stake in OTCX.
https://www.finextra.com/pressarticle/71505/t...nt-in-otcx
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