An over-the-counter, or OTC, trade is completed directly between two parties, without the use of an exchange or matching engine. 

In legacy finance, OTC trading is typically done to facilitate large deals that cannot be executed against the given liquidity of an exchange. OTC trading is popular in all markets including FX, Equities, Fixed Income, Forwards, and Swaps. In crypto, OTC trading often occurs with specific trading desks who match buyers and sellers and settle the trades manually. AirSwap provides a unique solution that allows any trader, or desk, to create and share OTC orders, and settle them using atomic swaps on the Ethereum blockchain. 

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