The Angel CoFund makes investment in OTCX
OTCX, the fast-growing over-the-counter derivatives platform, is delighted to announce that it has received backing from the Angel CoFund as part of its latest funding round.
The Angel CoFund is a £100m investment fund, supported by the British Business Bank, with objectives to back promising UK businesses and help develop the important business angel investment market.
In a market in which over 50% of OTC derivatives are traded via chat, email or voice technology, OTCX provides innovative solutions that help structure price discovery, negotiation and affirmation communication between counterparties. The investment by the Angel CoFund is further validation of OTCX’s technology and progress in bringing an antiquated OTC derivatives community into the 21st century.
See the full article on Finextra here