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OTCX, a leading regulated fintech transforming over-the-counter (OTC) derivatives trading, has entered a multi-year partnership with Aladdin®, BlackRock’s technology platform that unifies the investment management process. The collaboration marks a major step toward digitising dealer-to-client “voice” trading, replacing manual workflows with more efficient and transparent electronic solutions.
The partnership will integrate OTCX’s electronic execution venues directly into the Aladdin ecosystem, giving buy-side and sell-side participants access to new, streamlined tools for price discovery, order execution, and post-trade management. The goal is to reduce reliance on manual communication channels — such as phone and chat — that have historically dominated OTC derivatives trading.
Takeaway: The collaboration between OTCX and BlackRock’s Aladdin represents a decisive move toward digital transformation in OTC derivatives, expanding automation and transparency across the trade lifecycle.
Modernising the OTC Derivatives Workflow
Through this integration, Aladdin clients will gain full end-to-end workflow support, encompassing price discovery, request-for-market, execution, and post-trade processing. The enhanced connectivity will span a wide array of OTC derivatives, improving operational efficiency and cost-effectiveness for institutions managing complex portfolios.
Integrating with the Aladdin platform is a pivotal step for OTCX and for the OTC derivatives market as a whole, said Nicolas Koechlin, CEO of OTCX. Our goal is to give market participants more choice, lower costs, and more efficient workflows in markets that have historically been complex and fragmented. Together with BlackRock Aladdin, we are excited to accelerate the industry’s shift from manual voice trading to seamless digital execution, delivering transformative value for buy-side firms and dealers globally.
By connecting to Aladdin, OTCX provides institutional traders with a seamless interface for comparing quotes, managing risk, and executing trades — all within a regulated, audit-ready environment. The system’s digital infrastructure allows for enhanced visibility into pricing and liquidity, ensuring more consistent execution quality and reporting standards.
Takeaway: OTCX’s integration with Aladdin reduces operational complexity, enabling faster and more secure trade execution while maintaining the compliance and transparency standards expected by global institutions.
Driving Efficiency and Transparency Across the Market
The initiative addresses a long-standing challenge in OTC derivatives: the dependence on manual, voice-based interactions between dealers and clients. While such channels have traditionally supported complex and bespoke transactions, they often create inefficiencies, increase the risk of human error, and limit transparency in pricing and reporting.
Digitising this process not only helps reduce these operational burdens but also provides traders with better tools to evaluate liquidity and manage exposure across asset classes. With both parties’ technology working in tandem, users will benefit from a single workflow for OTC derivatives alongside their broader investment management operations.
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