By Shanny Basar
June 26, 2024
Octaura launched its electronic trading platform for leveraged loans in April last year and chief executive Brian Bejile said the venue had passed the tipping point to accelerate growth.
Bejile told Markets Media that the leveraged loan trading platform launched with three dealers and about 34 institutional buy-side firms. There are now about 17 dealers, with another eight in the process of joining, and 109 asset managers using the venue.
“This represents over 85% of liquidity providers and liquidity takers,” he added. “We have reached a tipping point for growth to snowball.”
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