Accepting an OTC trade on the platform
This guide will walk you through how to accept an OTC FX order when one is posted to your account on the Verto platform.
Please Note: The OTC trading platform is open to those companies looking to trade in an excess of 20 million USD per month. These trades are usually booked on demand and over personalized communication. To book an OTC trade or learn more about OTC trading please contact your Account Manager or send us an email at support@vertofx.com.
Once your FX Dealer has set and posted the deal you agreed on to your account, you will receive an email to let you know that it is there. Now you can follow these steps to find and accept it.
Step 1
Log in to the Verto Platform and ensure you are using the Lightning Experience.
Step 2
Click the “Exchange” icon in the toolbar on the left of your screen. Then, click the Click the “Manage OTC Trades” button underneath “Trading desk (OTC)”.
Step 3
You will now see a list of all OTC deals posted to your account. Simply click on the one you would like to accept and press the “Accept OTC deal” button. You will receive an email confirmation once this has been done.
Step 4
You now need to make sure the Sell Currency Wallet has enough funds available to complete the order on the day of settlement. Once Verto has confirmed enough funds are in the wallet, the funds will be moved and the deal will be paid for.
If you have additional questions please reach out to us via live chat, Chat with Frank or at support@vertofx.com