OTCX raises funding from angel investors including the Angel CoFund
The investment from a syndicate of angels will help accelerate product expansion and reach.
OTCX operates a digital platform for over-the-counter derivatives, helping financial institutions streamline price discovery, negotiation, and compliance.
OTCX has secured funding from a syndicate of angel investors, including the Angel CoFund, which has taken a minority stake in the business. The company provides a digital platform designed to bring efficiency and regulatory compliance to the over-the-counter derivatives market.
The capital will be used to accelerate product offerings and expand market reach. OTCX aims to address traditional trading inefficiencies in a sector where many transactions still rely on voice communication and chat tools, while assisting buy-side and sell-side firms with MiFID II compliance.
From the founder
"this investment allows us to accelerate our plans and to expand the reach of our existing offerings. Our clients are also very happy as we continue to remain independent and un-conflicted with other market participants, meaning that we can continue to implement solutions that work perfectly for all parties."
Nick Koechlin
Founder and CEO at OTCX
Investor perspective
"OTCX has developed a smart and sophisticated platform that enables greater efficiency and a better experience for all parties involved in the derivatives market,"
Tim Mills
Investment Director, Angel CoFund
Use of funds
- 01Continue product development
- 02Expand into international markets
