OTC Learn

An Android app for learning over-the-counter derivatives — thirty-six products across interest rate, FX, credit, equity, commodity and market foundations, each with a five-step lesson, a worked example and a bank of twelve questions that every quiz draws a different paper from. All of it is free, and stays free; an optional subscription adds the asset classes released after it.

No account, no ads, no tracking. Progress is stored on your device.

The catalogue

Interest Rate — swaps, swaptions, FRAs, caps and floors
FX — forwards, options, cross-currency swaps
Credit — CDS, indices, total return swaps
Equity — equity swaps, variance, autocallables
Commodity — commodity swaps, options, spreads
Market Foundations — collateral, clearing, documentation
Exotics — barriers, digitals, accumulators and target redemption forwards, by subscription
Risk & the Greeks — DV01, delta and gamma, vega, CS01, P&L attribution and value at risk, by subscription
Case Studies — twelve failures, from Barings and Orange County to the gilt LDI crisis and Archegos, by subscription
Alternative Underlyings — perpetual swaps and basis, freight, power, catastrophe bonds and longevity swaps, by subscription

Every free product page carries the full lesson, a worked example with real numbers and the key terms. A subscription product’s page carries its summary, what the lesson covers and its key terms; the lesson itself is in the app. The question bank and the review queue are in the app either way.

Educational content only. Nothing in the app is financial advice, an offer to trade, or a recommendation to buy or sell any instrument.