Third Easter Repository | OTC Space Enters the Competition
Press release: The OTC Space is proud to announce its launch into the crowded trade reporting space and believes it brings new thinking to the challenge: – Partnership with key leaders in managing 'big data', such as Facebook and Google – The widest asset class coverage, to include OTC and ET derivatives, plus Equities, Bonds, Repos, Stock Loan, Money Markets and FX – New economic model, reporting and retrieval to be free, with ad supported public delivery of data – Eco friendly implementation based in Iceland powered by renewal energy from hot springs – The most secure data centre, located 3 miles deep within the solid rock of Hvannadalshnúkur mountain The OTC Trade Repository will be operational within 90 days of this announcement, and by the end of 2013 will have gathered 95% of the World's capital markets trades. A high performance web interface will provide real time analytics to regulators and risk managers enabling them to observe the change in Value At Risk of any banks trading position within 5 milliseconds. Firms are queueing up to join this new service, the OTC Space on-boarding team will be working flat out during Easter weekend to meet demand. The OTC space believes this low-carbon approach will prove attractive to data contributors and regulators alike, and give it a compelling market leadership position. For more information please email us, see the Contact page. Not.