Octaura launched Market Lists, a new protocol powered by data and analytics that streamlines the collateralized loan obligation (CLO) liquidation process. Market Lists connects sellers directly to dealer and buyside communities.
“We are keenly aware of the challenges that traders face when liquidating large loan portfolios and wanted to make sure we’re able to provide a more efficient approach rooted in data and analytics,” Brian Bejile, CEO of Octaura, said. “Octaura developed Market Lists because we are fully committed to helping the leveraged loan trading industry solve these pain points and frustrations. We look forward to seeing this protocol enable a much more user-friendly experience.”
“The time-intensive process of running a loan BWIC and OWIC is in desperate need of change. This new protocol accelerates trading workflows while reducing human error and increasing transparency well beyond today’s manual processes,” Howard Cohen, vice president, head of sales at Octaura, said. “Market Lists is another example of how Octaura is revolutionizing the industry by solving client challenges. We delivered on what our users asked for and we’re thrilled at the positive feedback and growth we’ve seen so far.”
