Rival platforms battle to control electronic trading of CLOs

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Big banks are trying to gain the upper hand in the race to electronify trading of collateralised loan obligations (CLOs), hoping to hold onto their role as key middlemen in a market that has more than doubled in size over the past decade.

Seven dealers have backed a new trading platform, called Octaura, that will combine Bank of America’s electronic trading system for loans with a CLO bidding protocol from Citi and data from Moody’s Analytics. The idea, the banks say, is to bring CLO trading

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You already have an account with us*. Sign in below to continue.