NetOTC appoints CEO as margining platform launches

Risk solutions provider NetOTC has appointed Roger Liddell as its new chief executive officer with specific responsibility for its market aspect of NetOTC ‘s new bilateral platform.

By Editorial
Risk solutions provider NetOTC has appointed Roger Liddell as its new chief executive officer with specific responsibility for its market aspect of NetOTC ‘s new bilateral platform.

The new appointment coincides with the launch of NetOTC’s Bilateral platform designed by its co-founders Neeraj Sharma and Matthew Durkin.

Liddel’s previous experience includes a stint as CEO of multi-asset clearing house LCH.Clearnet as well as spells at Euroclear and Goldman Sachs.

Speaking about his appointment, Liddell described the current state of the industry.

“Having spent more than 15 years in the clearing and post-trade world, I believe that there has never been a more exciting time for the industry, particularly given the G20 appetite for regulatory reform and greater transparency in the non-cleared OTC derivatives market.”

“I am very much looking forward to bringing NetOTC Bilateral to market building on Matt and Neeraj’s sterling work in developing the platform and market model,” he added.

The new NetOTC Bilateral platform will connect to Euroclear’s collateral highway and Euroclear Global Collateral Ltd with the aim of providing greater transparency and in response to a need for increased funding efficiencies.

The development of the platform was made to help customers deal with the Initial Margin (IM) regulation that comes into effect in September 2016. The new platform is considered a more sophisticated IM solution for standard two way margining.

Group CEO and Co-Founder of NetOTC, Neeraj Sharma, spoke of the impact that the platform can have.

“It is not just responding to the principles and policies required by the regulators and the G20, it delivers a complete, integrated and independent market infrastructure that tackles the real implementation challenges presented to us by the market.”

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