Octaura announces launch of syndicated-loan trading platform

By Wendy Van Sickle

Columbus, Ohio, April 26 – Octaura Holdings launched a comprehensive syndicated-loan trading venue delivering trading protocols, real-time data and analytics, on a single platform, according to a news release.

Octaura said it offers market participants access to multiple protocols essential to trading efficiently and with increased confidence.

The company said it has the backing of seven of the syndicated loan market’s leading dealers and Moody’s Analytics and “has been able to provide the scale, technology and resources needed to launch an effective trading solution addressing the market’s infrastructure challenges and attract the critical mass necessary to drive real change.”

The platform allows clients to execute via traditional request for quote on single line items, or a list of facilities, leading to other portfolio trading protocols based on participant demands like optimizations and ramps.

The platform has nine dealers and over 90 asset managers actively trading or onboarding, Octaura said, adding that it will now move forward with two-way integration and developing trading solutions for additional asset classes.

The provider of electronic trading, data and analytics solutions for syndicated loans is based in New York.

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