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Citi, other banks set to ink "Octopus" deal for new multibank CLO platform

Citi, other banks set to ink ‘Octopus’ deal for new multi-bank CLO platform Citi, other banks set to ink ‘Octopus’ deal for new multi-bank CLO platform Sources say initiative is designed to fend off higher fees and disintermediation in case established multi-dealer platforms start trading CLOs. Print this page   A consortium of banks is preparing to combine the collateralized loan obligation (CLO) trading efforts of its members into a new multi-bank trading platform, with ...
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