OTCX Trading Limited and ResonanceX Ltd. announce partnership to streamline the end-to-end price discovery, STP trade booking and lifecycle management process for asset and wealth managers investing in Structured Products.
OTCX and ResonanceX announced an agreement to create a single-login environment to better serve buy-side firms. The fully integrated solution will support
• creation and pricing of structured products
• Integration with automated pricing
• STP trade booking
• customer-centric performance visualization tools, including lifecycle notifications and alerts
OTCX’s workflow engine and direct connections to most sell-side firms globally enables pricing and straight-through-processing (STP) booking of orders, while ResonanceX provides nextgeneration performance analytics and lifecycle management modules. The combined offering will enable Asset Managers, Private Banks and Family Offices to benefit from a fully independent solution to design, buy and administer portfolios of structured notes in the most efficient manner. As technology makes it easier to engage in the price discovery, design and execution of Structured Products in a compliant manner, they are set to become mainstream solutions in the near future. Furthermore, the trend towards broadening access to such products creates a massive need for end-to-end automation, enabling product specialists to focus on value added activities such as structuring and investors education. This partnership has strong sponsorship from an existing client seeking to deploy the integrated solution. The combination of expertise at OTCX and ResonanceX will create the only independent end-to-end solution connected to the sell-side globally. The combined offering will serve the most sophisticated buy-side firms by solving structured products trading pain points, and by using a secure, cost effective and flexible approach.
OTCX Trading Nicolas Koechlin, CEO commented: “Over the last year, OTCX has broadened its structured note coverage with support for additional underlying asset classes. This in turn has helped to grow the panel of issuers quoting on OTCX. We are now a fully-fledged price discovery and trade booking platform for not only vanilla equity-linked notes, but also for fixed income, commodity, and currency underlyings, and credit-linked notes (CLNs). OTCX is looking forward to leveraging ResonanceX’s expertise to provide better visualisation of life cycle management with notifications, alerts and intelligent analysis. This functionality will not only enrich the workflow, but also assist with the decision making on the trading desk or by senior management elsewhere in the organisation. We have been working with ResonanceX over the last few months and the two platforms are very complementary. Our combined solution is in line with where the market is going and where clients are moving towards.”
ResonanceX Guillaume Chatain, CEO commented: “We are thrilled with this partnership with OTCX who are trade communication workflow experts and are already connected with most of the product issuers globally. As the market is moving very quickly from conversations to actually deploying tools, we can now provide a truly independent one-stop shop for issuers and distributors of structured products. Our next step is to speed up the development of intelligent insights, and this partnership gives us the best launchpad to put our analytical skills and market expertise at work using machine learning and other emerging technologies.”
OTCX's independently owned multi-dealer Request for Quote platform is designed for the buy side, bringing unrivalled performance and operational efficiency to the trading of vanilla and exotic OTC derivatives. OTCX benefits anyone looking for a smarter, more efficient way to manage their OTC trading. OTCX’s flexible trade capture and structured communication sets a new standard in operational performance, freeing buyers of OTC derivatives from a dependence on manual process and fragmented technology. OTCX has a fast-growing list of global clients spanning from Australia to North America.
ResonanceX leverages automation and market expertise to provide smart access to Structured Investments through a customer-centric marketplace. Our clients are empowered through stateof-the-art life-cycle management tools, performance analytics and intelligent insights. The company is authorised and regulated by the Financial Conduct Authority and arranged the issuance of the first structured product to clear, settle and use blockchain custody in a fully regulated environment. ResonanceX graduated from the Barclays accelerator by Techstars in New York and is part of the Velocity accelerator from the UK Investment Association.