Octaura Holdings has entered โthe collateralized loan obligation (CLO) secondary market with a new electronic trading platform, a moveโ poised to reshape how these complex financial instruments areโ bought and sold. The platform, launched after months of โฃbeta testing withโ select firms, offers three distinct tradingโค protocols – Bilateral,โ Request for Quote (RFQ), and Lists – designedโ to streamline transactions and โคincrease openness.
This launch builds on Octaura’s existing syndicated loan tradingโค platform, โฃintroduced in 2022, and โaddresses โlongstanding inefficiencies in the CLO market. Institutional investors have historically faced operational hurdles โparticipating in CLO trading; Octaura’s platform aims to lower those barriers by providingโฃ a “unified framework” for execution. The growth arrives as investor appetite for CLOs surges, though concerns regarding underlyingโค risksโค remain.
The platform’s three protocols-Bilateral, Request for Quote (RFQ), and lists-are โขnow fully operational following a beta period facilitating live transactions. Octaura intends the platform to reduce friction and improve execution for all participants.
“Bringing our โขCLO platform and BWIC protocol to life is not just โa milestone for Octaura, but a notable leap forward for the entire industry,” said Brian Bejile,โ chief executive โคof Octaura. “For to long, structural inefficiencies have impeded institutional investors from fully participating โขin the CLO market. Today,we’re changing that narrative.”