Multi-dealer RFQ platform OTCX integrates with IHS Markit thinkFolio

Interest rate derivatives platform OTCX has certified with thinkFolio for advanced modelling and management tools.

Interest rate derivatives trading services provider OTCX has teamed up with IHS Markit to integrate its platform with investment management platform, thinkFolio.

OTCX, which operates a multi-dealer bilateral request for quote (RFQ) trading platform, will provide its clients with advanced modelling and trading management tools for fixed income and derivatives as part of the integration.

The firm added that it links clients directly to dealers for greater trading workflow efficiencies and to reduce risk associated with manual input. Clients of thinkFolio will be able to source prices and negotiate interest rate swaps across G10 and emerging market currencies as part of the integration.

“Certification with IHS Markit’s thinkFolio platform brings peace of mind to our clients and an innovative solution to an OTC trading market that has not benefited from digital disruptors,” said Nicholas Leib, head of product at OTCX. “We are looking forward to continuously bringing value to our common clients by expanding the integration coverage and defining new trading standards for non-linear derivatives.”

IHS Markit inked a similar partnership with TradingScreen in July. TradingScreen combined its execution management system (EMS) with IHS Markit’s thinkFolio ensuring that that mutual clients gain access to a standardised and certified interface between the two systems.

“We’re delighted that OTCX is now certified on our investment management platform,” added Keith Viverito, managing director for thinkFolio at IHS Markit. “We are collaborating with premium trading platforms, such as OTCX, to extend thinkFolio and to enable us to manage essential trading interfaces on our clients’ behalf.”