--- title: There’s a Better Way to Liquidate a CLO description: "Executing a large list, like a CLO liquidation, is a complicated process at best. At worst, it’s error-ridden and extraordinarily time-consuming. Introducing Market Lists: a better solution." image: https://news.octaura.com/hubfs/octaura%20(2).jpg --- [![OCTAURA_HP_Logo2x](https://news.octaura.com/hs-fs/hubfs/OCTAURA_HP_Logo2x.png?width=340&height=67&name=OCTAURA_HP_Logo2x.png)](https://octaura.com/) - [Home](https://octaura.com) - Products ###### [Loan Trading](https://octaura.com/loan-trading/) [Octaura’s industry-led electronic market trading, data, and analytics solution for loans can be used to grow trading volumes, increase liquidity and remove the cumbersome barriers to entry that have kept many investors from transacting with confidence.](https://octaura.com/loan-trading/) ###### [![future-icon (1)-clo](https://news.octaura.com/hubfs/future-icon%20(1)-clo.svg) CLO Trading](https://www.octaura.com/clo-trading/) [Octaura is set to modernize and improve existing CLO trading protocols. Recognizing the importance of the asset class and its current market challenges, Octaura’s complete market solution combines electronic execution, advanced data and analytics, and a full suite of connectivity for sell-side and buy-side customers.](https://www.octaura.com/clo-trading/) ###### [Data & Analytics](https://octaura.com/data/) [Octaura’s suite of proprietary data & analytics helps bring clarity to complex and opaque markets, offering timely and actionable insights to drive smarter decision making across a variety of workflows.](https://octaura.com/data/) - Company [About Us](https://octaura.com/about/) [Careers](https://octaura.com/careers/) - [News & Insights](https://news.octaura.com) - [Contact Us](https://octaura.com/contact/) - [Sign In](https://trading.octaura.com) - [Request Demo](https://info.octaura.com/request-a-demo) [Blog](https://news.octaura.com/tag/blog) ## There’s a Better Way to Liquidate a CLO Sep 19, 2024 ![https://knowledge.octaura.com/hubfs/octaura%20%282%29.jpg](https://news.octaura.com/hubfs/octaura%20(2).jpg) By: Brian Bejile, CEO, Octaura Executing a large list, like a CLO liquidation, is a complicated process at best. At worst, it’s error-ridden and extraordinarily time-consuming. The current approach involves several cumbersome and manual steps, including:   → Creating, cleaning and sending out Excel files  → Waiting hours for responses and chasing bids from multiple dealers via phone, e-mail or chat   → Communicating feedback to bidders  → Executing trades and notifying winners and covers  → Asking dealers for trade confirms  → Manually booking and correcting erroneous trades  This process can take a seller hours – sometimes even days – to complete, while simultaneously locking up the rest of the market for the loan community. For sellers, this is valuable time that could be better spent on more strategic tasks.    **The growing problem**  We calculate that there were over 70 CLOs liquidated in the market in the first half of 2024 alone1. This is a substantial uptick from the two previous years, outpacing H1 2023 by a whopping 1,200%. These liquidations occurred over 56 days, meaning the loan market was likely locked up for about 450 hours across the first half of the year – a significant amount of lost time.    **Introducing Market Lists: A better solution**  At Octaura, we believe participants shouldn’t be spending 450 hours on exercises like this. Rather, they should have the opportunity to focus on the more strategic tasks on their plate. We know the loan market can operate more efficiently.  This is exactly why we’re excited to introduce a new protocol called Market Lists, which can cut this process down from days to four hours or less.   With Market Lists, sellers can:  **→ Reach the market faster:** Send lists to their dealers of choice and make them simultaneously visible to the buyside, increasing efficiency.  **→ Customize stipulations with ease:** Add stipulations at both the line item and list level by choosing from our suggestions or writing your own criteria.  **→ Monitor, compare and act quickly:** Track responses in real-time, compare offers to internal targets, execute trades with the best terms available and provide color to dealers all within minutes – no more sifting through countless spreadsheets.  **→ Automated trade booking:** When connected to an order management system, trades are automatically booked, saving time, eliminating manual trade booking and reducing errors.    **Want to see it in action?**   If you’d like to see how Market Lists can transform your CLO liquidation process, we’d love to set you up with a demo to show you how this tool can benefit your team.  [Request a demo](https://info.octaura.com/market-list-demo)   1 Source: Octaura analysis of 2024 CLO manager trustee reports, provided by Moody’s. Data is sourced from Octaura unless otherwise footnoted. while we strive for accuracy, we do not guarantee the completeness or correctness of the information provided or for the results obtained from the use of this information. This communication is not a recommendation to buy or sell any loan product and should not be construed as such. Features are accurate as of the date presented and subject to change without notice.  ### Keep Reading [![](https://knowledge.octaura.com/hubfs/octaura-1.jpg)](https://news.octaura.com/enhancing-connectivity-on-octaura) [Blog](https://news.octaura.com/tag/blog) September 19, 2024 #### [Enhancing connectivity on Octaura](https://news.octaura.com/enhancing-connectivity-on-octaura) [![](https://knowledge.octaura.com/hubfs/On%20the%20Blotter.png)](https://news.octaura.com/on-the-blotter-steep-selling-pressure-rounds-out-a-volatile-january) [Blog](https://news.octaura.com/tag/blog) September 19, 2024 #### [On the Blotter: Steep selling pressure rounds out a volatile January](https://news.octaura.com/on-the-blotter-steep-selling-pressure-rounds-out-a-volatile-january) [![](https://knowledge.octaura.com/hubfs/octaura-1.jpg)](https://news.octaura.com/embracing-the-future-of-electronic-trading) [Blog](https://news.octaura.com/tag/blog) September 19, 2024 #### [Embracing the Future of Electronic Trading](https://news.octaura.com/embracing-the-future-of-electronic-trading) ![logo](https://23474493.fs1.hubspotusercontent-na1.net/hub/23474493/hubfs/Octaura%20Assets/Images/Global%20Images/logo.png?width=140&height=27&name=logo.png) ##### Platform - [Loan Trading](https://octaura.com/loan-trading) - [CLO Trading](https://octaura.com/clo-trading/) ##### Company - [About Us](https://octaura.com/about/) - [Careers](https://octaura.com/careers/) - [News & Insights](https://news.octaura.com) - [Press Releases](https://news.octaura.com/tag/press-releases) ##### Contact - [Email Us](https://octaura.com/contact/) ###### Follow Us © Octaura 2023. All rights reserved. CLO trading provided by Octaura Securities TradingCo, LLC. Member FINRA / SIPC (BrokerCheck Profile) [Privacy Policy](https://octaura.com/privacy-policy/) [Terms](https://octaura.com/terms/) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Octaura", "url" : "https://news.octaura.com/author/octaura" }, "dateModified" : "2024-09-19T12:30:00.528Z", "datePublished" : "2024-09-19T12:30:00.000Z", "headline" : "There’s a Better Way to Liquidate a CLO", "image" : [ "https://news.octaura.com/hubfs/octaura%20(2).jpg" ], "mainEntityOfPage" : { "@id" : "https://news.octaura.com/theres-a-better-way-to-liquidate-a-clo", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://news.octaura.com/hubfs/Octaura_Wordmark_Black_PNG.png" }, "name" : "Octaura " } } ```