Octaura Holdings has launched an electronic trading platform for collateralised loan obligations (CLOs), in a major development for the secondary trading market.
This platform will expand Octaura’s ability to service the structured credit markets, following the launch of its syndicated loan trading platform in 2022.
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The platform introduces a “unified framework” that the firm said will provide transparency and improved execution for participants, reducing operational friction.
Octaura has launched the platform with three trading protocols: Bilateral, Request for Quote (RFQ) and Lists. All three CLO trading protocols are now fully available on Octaura after facilitating live transactions with early adopter firms in beta for several months.
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“Bringing our CLO platform and BWIC protocol to life is not just a milestone for Octaura, but a significant leap forward for the entire industry,” said Brian Bejile, chief executive of Octaura.
“For too long, structural inefficiencies have impeded institutional investors from fully participating in the CLO market. Today, we’re changing that narrative.”
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