OTCX, a regulated fintech innovating the OTC derivatives market, has announced a multi-year partnership with BlackRock’s Aladdin® platform, aiming to modernize how complex derivatives are traded. The collaboration will bring OTCX’s electronic trading capabilities directly into Aladdin’s investment management ecosystem, providing clients with more digital alternatives to traditional voice-based workflows.

Digitizing a Traditionally Manual Market

Voice trading has long been the norm for OTC derivatives, often slowing workflows and obscuring pricing transparency. By integrating OTCX’s execution venues with Aladdin, the partnership seeks to streamline the end-to-end trading process—from price discovery and request-for-market to execution and post-trade processing.

This move allows Aladdin users to access a broader set of OTC derivatives electronically, reducing costs, improving transparency, and delivering a more efficient workflow for both buy-side firms and dealers.

“Transforming a Fragmented Market”

“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.”

The partnership is part of a broader industry trend toward digitization in derivatives trading. As regulatory pressures and operational inefficiencies mount, buy-side firms are increasingly seeking platforms that consolidate workflows, manage risk, and enhance price discovery in a single, transparent environment. Competitors in this space, such as MarketAxess and Tradeweb, have similarly been expanding electronic trading solutions, but the OTCX-Aladdin integration stands out for bridging dealer-to-client trading directly with one of the largest investment management platforms globally.

For industry observers, this partnership signals a step toward greater automation and market efficiency, potentially reshaping liquidity patterns and the competitive landscape in OTC derivatives.