Fintech backed by Citi, BofA takes on 'antiquated' syndicated loan trading
Octaura, an electronic portal backed by seven global banks, completed its first syndicated loan trades earlier this month.
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Octaura, an electronic portal backed by seven global banks, completed its first syndicated loan trades earlier this month.
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The Octaura venue for loans will launch first, with the CLO trading venue to follow.
Citigroup and Bank of America have teamed up with five other banks to form Octaura Holdings, an electronic trading platform for syndicated loans and collateralized loan obligations.
External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. 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 co...