09 June 2017
Reporter: Stephanie Palmer

SimCorp embraces derivatives liquidity boost

SimCorp is partnering up with multi-dealer derivative platform OTCX to provide a more integrated trading workflow for over-the-counter (OTC) derivatives.

Through the partnership, SimCorp buy-side clients will gain access to the OTCX Request For Quote (RFQ) platform, and a network of OTC liquidity providers.

The new service is intended to provide more automation and a more efficient way of managing OTC trading, while reducing dependence on manual processes and increasing straight-through processing for interest rate derivatives, equity derivatives and structured products.

I will also provide a single source of data, and an audit trail for each trade, allowing for easier compliance with reconciliation, best-execution and trade reconstruction requirements under the second Markets in Financial Instruments Directive.

Matthew Reid, product manager for trading at SimCorp, said: “This partnership is testament to our mission; to provide clients with a simplified and highly automated workflow, across the entire investment lifecycle, through one core open system.”

“It is our belief that one source of data through the consolidation of systems, which offer extensive coverage across all asset classes and instruments, arms the buy side with the best foundation to achieve their investment goals.”

Nicolas Koechlin, CEO Of OTCX, commented: “SimCorp and OTCX’s new collaboration will further enhance the trading experience for the buy side with a seamless end-to-end OTC derivatives electronic workflow.”

He added: “Together we will provide more intelligent tools and better use of data leading to seamless transparent transactions.”

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