Octaura
| Octaura Holdings | |
| Founded | 2022 |
|---|---|
| Key People | Brian Bejile, CEO |
Octaura is an electronic trading platform for syndicated loans and collateralized loan obligations (CLOs). It was launched in 2022 by Citi, Bank of America, Credit Suisse, Goldman Sachs, JP Morgan, Morgan Stanley, Wells Fargo and Moody’s Analytics.
The platform will launch for loans first, with a CLO trading venue to follow and with plans to expand to other products in the credit market later. It will offer straight through processing for trade booking and data and analytics provided by Moody’s.[1]
History[edit]
Octaura began as a joint incubation and co-development initiative between Bank of America and Citi, within its SPRINT (Spread Products Investment Technologies) team. It was inspired by Citi’s internal Velocity CLO eBidding platform and BofA’s Instinct Loan Match platform.
The platform was built in collaboration with Genesis Global, a low-code software development platform for financial markets.[2]
Products and Services[edit]
Trading of syndicated loans and collateralized loan obligations
Key People[edit]
- Brian Bejile, CEO
References[edit]
- ↑ Major banks and analytics provider launch Octaura electronic trading platform. The Trade News.
- ↑ Leading Global Banks and Data and Analytics Provider Back Octaura to Launch Electronic Trading Platform for Leveraged Finance and Structured Credit. Octaura Holdings press release via Businesswire.