Allt-OTF

Allt-OTF is the organised trading facility (OTF) operated by All Trading, an independent Spanish institutional brokerage group. All Trading was incorporated in June 1983 under the legal framework set by European directives, and it describes itself as the only independent group in the Spanish market without participation by other financial or economic groups in its shareholding. That independence is presented as a guarantee that its services are not tied to the particular economic or business interests of third parties beyond those of each client at the time of an order. The group serves institutional clients from a set of operating desks covering repo and simultaneous operations, government debt, fixed income, deposits and currency, equities, and organised and OTC derivatives. Its repo and simultaneous desk handles public debt of the eurozone and sterling, corporate paper in euro, sterling and dollar, public debt to maturity, and private fixed income in euro, sterling and dollar. The deposit and currency desk covers euro deposits, foreign currency, foreign-currency deposits and currency derivatives. The equity desk covers cash equities, while the organised and OTC derivatives desk covers Eonia-linked products among others. Allt-OTF, the subject of this entry, is the organised trading facility and registered market for bonds associated with this business. An OTF is a type of multilateral trading venue under European financial-market regulation, used to bring together third-party buying and selling interests in financial instruments. In the case of Allt-OTF, the venue is oriented toward bonds and fixed-income instruments, complementing the group's long-standing institutional brokerage activity. All Trading emphasises four values: independence, control of operations, transparency, and professionalism and efficiency. It states that it guarantees excellence of service from receipt and execution of an order through to its settlement, that it applies the greatest transparency to its operations as a core commitment to clients, and that it relies on a specialised team across the different products and services of the financial market, seeking best execution of client orders. Because the group is privately held and independent, it is not listed on a stock exchange and is not part of a larger financial conglomerate according to its own description. Its activities span the eurozone, sterling and dollar markets, reflecting a cross-border institutional client base rather than retail customers.

All Trading was incorporated in June 1983, marking the start of its activity under the legal framework determined by European directives. From its base in Spain, the firm developed as an institutional brokerage serving professional clients rather than retail investors. Over the following decades the group built out a set of specialised operating desks. Its repo and simultaneous operations desk covers public debt of the eurozone and sterling, corporate paper in euro, sterling and dollar, public debt to maturity, and private fixed income in euro, sterling and dollar. A deposit and currency desk handles euro deposits, foreign currency, foreign-currency deposits and currency derivatives. An equity desk covers cash equities, and an organised and OTC derivatives desk covers instruments including Eonia-linked products. All Trading presents itself as the only independent group in the Spanish market without participation by other financial or economic groups in its shareholding. This independence is central to its stated philosophy, alongside control of operations, transparency, and professionalism and efficiency. The group's organised trading facility, Allt-OTF, is a registered market for bonds. As an OTF under European financial-market regulation, it provides a multilateral venue where third-party buying and selling interests in bonds can be brought together, complementing the group's bilateral and voice-brokered institutional activity. The OTF designation places Allt-OTF within the regulated trading-venue landscape alongside regulated markets and multilateral trading facilities. Because the group is privately held and independent, it has not sought a stock-exchange listing and is not described as part of a larger financial conglomerate. Its activities span eurozone, sterling and dollar markets, reflecting a cross-border institutional client base.

• 1983

  All Trading incorporated in June 1983, starting activity under the framework of European directives.

• Allt-OTF operates as an organised trading facility and registered market for bonds.

Independent Spanish institutional brokerage and organised trading facility, without participation by other financial or economic groups in its shareholding.

• Repos and simultaneous operations

  Public debt of the eurozone and sterling, corporate paper in euro, sterling and dollar, public debt to maturity, and private fixed income.

• Deposits and currency

  Euro deposits, foreign currency, foreign-currency deposits and currency derivatives.

• Equities

  Cash equity trading.

• Organised and OTC derivatives

  Derivatives including Eonia-linked instruments.

• Allt-OTF bond venue

  Organised trading facility and registered market for bonds.

1. 1All Trading Europealltrading.es
2. 2Allt-OTF on Wikidatawikidata.org