A version of this memo was shared with all current and prospective users on April 25, 2023.

Today, we’re excited to share the official launch of Loan Trading on Octaura. The full press release can be viewed here.

Progress has finally come to the loan market, which has lagged other credit markets in the entry to electronification. The benefits of trading efficiency, transparency and liquidity are essential for market performance and growth. With a lot of focused, hard work—and in just one year’s time— Octaura is bringing those benefits to the Leveraged Loan market.

With today’s launch, Octaura has now grown to five dealers, following the addition of Jefferies – who join Bank of America, Citi and Morgan Stanley.

In the last week of beta sessions, our platform has seen over $1B on both the bid and offer side, spanning 1,030 loan facilities which constitutes almost all of the TLB tradable universe.

Additionally, 90 loan investors are either fully onboarded or pending completion.

What’s next?

The team at Octaura is committed to delivering value and providing dependable service to your trading workflows. In the coming weeks and months, we’ll be announcing and rolling out many new features and, real soon, new product lines.

Get in touch

If you have any questions or comments about our efforts to modernize the markets, please don’t hesitate to reach out to us at clientsuccess@octaura.com. Otherwise, we invite you to explore our new website.

Octaura is all about remarkable solutions and customer focus. Octaura is about creating more access and participants.

Welcome to Octaura!

All the best,

Brian