SIX Introduces Bilateral Platform for OTC Securities
The first trade on XBTR was executed between Credit Suisse and Leoteq
In November 2015, Swiss vendor SIX Exchange announced that it was about to build a platform for trading structured securities, with Leonteq to be the first firm to join. On April 15, the first trade between Leonteq and Credit Suisse took place.
A Mimic of a Phone Call
In the OTC market, bilateral trades are usually made via a phone call or Bloomberg message. The two parties call each other and start negotiating or talking about buying or selling a product before entering it into a system that
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