OTCX Expands Capabilities After Receiving ASIC Market Exemption Licence

[kreslik.news]

OTCX, a provider of electronic derivatives trading capabilities, announced today that it has expanded its offering with trading capabilities which include OTC Equity Derivative and Interest Rate Derivative trading for the Australian market.

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Market Exemption Licence

The Australian Securities and Investments Commission (ASIC) approved a Market Exemption Licence for OTCX in October, enabling regulatory monitoring of its platform which includes a regular reporting requirement to ASIC.

OTCX’s RFQ platform allows full straight through processing of dealer to client OTC derivative trades and removes the reliance on ... (read more)