Glossary | Securities Finance Times

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Global Securities Finance News and Commentary

Glossary

Over-the-Counter (OTC)

Trading done directly between two parties without the supervision of an exchange.

Over-the-Counter (OTC) News

Technology
Derivative Path and Cloud Margin partner

The collaboration allows integration between Derivative Path’s DerivativeEDGE platform and CloudMargin’s collateral management platform

Industry
Clearstream enables use of offshore Chinese government bonds

Clearstream has supported companies such as Crédit Agricole CIB, CITIC Securities , and Shanghai Pudong Development Bank in using offshore Chinese government bonds for initial margin segregation

Industry
DBS appointed to RMB clearing bank

The firm is the first Singapore bank to get approval, and has also been allowed to operate in the onshore OTC bond market

Regulation
CSA adopts amendments to mandatory central clearing regulation

NI 94-101 came into force in 2017 with the purpose of reducing counterparty risk in the OTC derivatives market and addressing a potential risk to financial stability

People moves
EquiLend onboards Burridge

Michelle Burridge brings more than 20 years of financial services experience to her new role where she will join the firm’s client success team

Industry
OSTTRA adds Eurex Clearing to triBalance optimisation service

OTC derivative portfolios cleared in Eurex are now part of the OSTTRA triBalance optimisation runs, reducing counterparty risk

Industry
Quadra and Copper launch Coinmatch

Coinmatch is a multi-dealer RFQ platform, purpose built for trading crypto derivatives with Copper’s collateral and settlement infrastructure

Industry
Hidden Road’s prime brokerage suite to support OTC options

The move aims to allow institutional clients to execute OTC options and to cross-margin OTC options with the rest of their digital asset portfolio