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 the working title Project Octopus, WatersTechnology has learned. Sources say the move is a bid to p...
Source: waterstechnology.com