OTCX Partners with BlackRock’s Aladdin to Digitize OTC Derivatives Trading
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 answers.
The partnership will integrate OTCX’s electronic execution venues directly into the Aladdin ecosystem, giving purchase-side and trade-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 .
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, 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 purchase-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.
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 and reporting.
Digitising this process not only assists 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 .
