Octaura, the electronic trading platform for syndicated loans, executed its initial syndicated loan trades. Backed by eight financial institutions, the company has built an open market electronic trading solution offering leveraged loan market participants access to data and analytics, trading execution and booking on a single platform. Upon the success of the initial syndicated loan trades, the company will move forward with releasing its beta version for loan trading sessions prior to official launch.
“We created Octaura to improve participant efficiency, liquidity and transparency by modernizing the way syndicated loans are traded,” Brian Bejile, CEO of Octaura, said. “We’re proud to have created a comprehensive electronic trading solution increasing the accessibility and transparency essential to fostering digital trust between market participants.”
