CONNEXOR Success Story: OTCX

OTCX is a multi‑issuer platform that connects private banks to their issuers for pricing and execution of structured products across Europe and the United States. OTCX operates as a network for their clients, whom benefit from reduced operational risk and low implementation costs.

As private banks continue their journey from high‑touch to low‑touch workflows, covering pricing, execution, booking and lifecycle management, the ability to integrate external systems via API has become essential.

To complete this automation process, OTCX needed a way to capture complete and high‑quality trade data from issuers; pricing and execution via OTCX delivered some, but not all, of the data required by the external systems connected to the platform.

The Solution

After consultation with its issuer community, OTCX decided to partner with CONNEXOR. The aim was to capture all post‑trade details, dates, fixings and other lifecycle data, via API once a transaction is completed. Before the partnership, issuers manually uploaded those data points for each trade, which was time‑consuming and prone to errors. By integrating CONNEXOR, OTCX automated the data capture process and turned CONNEXOR into a single hub for distributing complete trade data.

Full automated and cost‑efficient reference data management.

A standardized data format to capture all relevant terms automatically reducing manual efforts and savings costs.

A scalable API and infrastructure already used by issuers that can be leveraged for multiple cases.

Business Impact

By automating the capture of post‑trade details through CONNEXOR, OTCX eliminated manual uploads by issuers and improved the overall experience for both private banks and the issuer community. The integration improved operational efficiency, enhanced data quality and simplified the booking and lifecycle management of structured products. Private banks and issuers alike appreciated the operational efficiency, data quality and service improvements delivered by the partnership.

Partnering with CONNEXOR has enhanced the user experience across our network. Instead of manually uploading missing trade details after every deal, issuers now deliver complete information automatically via CONNEXOR. This has freed up valuable time, eliminated the risk of errors and significantly improved the booking and lifecycle management processes for our private bank clients. CONNEXOR has become an integral part of our platform, enabling a seamless end‑to‑end workflow across the OTCX network.

Geraldine Laussat, Global Head of Structured Products, OTCX

The Issuer’s Choice

CONNEXOR is used by 93 issuers of financial products, with more than 2.25 million newly issued structured products and more than 50+ million associated product updates and lifecycle events flowing through every year.

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