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Citi and Bank of America to build new multi-dealer CLO and syndicated loan platform 7 hours ago
Source: Bank of America Citi and Bank of America are working together to build a new industry-led independent data and execution platform for fixed income markets. The venture plans to develop a next generation trading, data and analytics platform for structured credit and underlying collateral markets. The contemplated multi-dealer platform will focus initially on CLOs and syndicated loans, with plans to expand into other asset classes.
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Citi and Bank of America are working together to build a new industry-led independent data and execution platform for fixed income markets.
The venture plans to develop a next generation trading, data and analytics platform for structured credit and underlying collateral markets. The contemplated multi-dealer platform will focus initially on CLOs and syndicated loans, with plans to expand into other asset classes.
We’re working with @BankofAmerica to build a new, industry-led independent data and execution platform for fixed income markets. Read more: https://t.co/IxeR0LMYYopic.twitter.com/kCSmSEkyxL Citi (@Citi) April 12, 2021
Bank of America and Citi initiated the build of this platform to address some of the biggest challenges in both CLO and Syndicated Loan markets, for both dealers and buy-side clients including efficiency, liquidity, and cost of execution. Citi is backing this effort through its Spread Products Investment Technologies (SPRI
Citi and Bank of America team up to build a new independent data and execution platform ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.