Day: 27 October 2017

OTCXN: Can Digital Solutions Bring Back FX Growth?

Galen Stops explains how OTCXN is applying blockchain technology to help firms access wholesale liquidity.

OTCXN seeks to leverage its own proprietary blockchain technology to solve what its CEO and founder, Rosario Ingargiola, says is currently the biggest challenge in the FX market: accessing wholesale liquidity.

This challenge is caused by a credit gap in the market, according to Ingargiola, that has in turn occurred because the banks have been broadly reducing the number of firms that they are willing to extend credit to.