B2C2 has gone dwell with digital options trading for the over-the-counter (OTC) crypto market.
Prior to the launch, the crypto liquidity supplier and institutional digital asset specialist supplied ‘voice via chat’ OTC options trading since October 2021.
B2C2’s Single Dealer Platform has now added an OTC options expertise – Options Chain – that gives a visible interface enabling ‘point & click’ digital trading in OTC crypto options for the primary time.
The transfer provides merchants a sensible alternative of easy methods to execute off-exchange trades, offering them with a complete view of dwell OTC costs for all strikes in a single place.
Fully integrated into B2C2’s crypto-native spot, CFD and loans trading platform, the OTC options performance additionally consists of post-trade reporting with a commerce blotter and aggregated positions, together with automation round B2C2’s institutional-grade ISDA margin performance.
B2C2 plans to incorporate RFQ performance
B2C2 plans so as to add new options over the following few months, together with an options calculator with Request for Quotes (RFQ) performance on complicated derivatives buildings, obtainable on the B2C2 portal in addition to through API.
The OTC market consists of quite a few options unavailable to on-exchange trading, comparable to:
- Flexible contracts tailorable to a consumer’s particular wants and technique;
- A bilateral counterparty relationship constructed on belief and with the flexibility to increase credit score;
- Technology, operations and threat administration greatest practices designed for institutional wants and requirements.
Johannes Woolard, Head of Options, B2C2, stated: “Providing our clients with the ability to trade OTC options electronically reflects significant growth in institutional demand for derivatives over the past 12 months. Clients are looking for a more comprehensive set of tools to access, hedge and trade crypto simply and easily. Institutions turn to us as a well-established and innovative crypto-native liquidity provider with the reliable and resilient trading infrastructure they require.”
Dominic Lohberger, Head of Trading, Sygnum Bank, stated, “B2C2 is taking institutional crypto derivatives trading to the next level. As a regulated digital asset bank with institutional clients, Sygnum is proud to be executing the first OTC trade with the B2C2 Options Chain. Together we are setting the path for the future of electronic crypto trading.”