By John S Hintze
July 8, 2024
Trading in leveraged loans pales compared to the high-yield market, and in complex collateralized loan obligations (CLOs), whose managers have become major purchasers of leveraged loans, it's even less. High-yield bond trading exploded with the introduction of electronic trading platforms, and Octaura is betting on leveraged loan and CLO trading--enhanced by detailed data and analytics—rising similarly.
Now supported by seven major financial institutions, Octaura has added 16 dealers and 110 buyside investors as customers since its launch in April 2023, according to Vitaliy Kozak, co-founder and chief product officer of Octaura.