---
title: Wall Street Unites on 7-Bank Platform to Ease CLO, Loan Auction
description: Seven banks form Octaura, a new electronic trading platform, with Citi, BofA, Goldman, JPMorgan among founding companies.
---

[News & Insights | Octaura](https://news.octaura.com)

# [Wall Street Unites on 7-Bank Platform to Ease CLO, Loan Auction](https://news.octaura.com/wall-street-unites-on-7-bank-platform-to-ease-clo-loan-auction)

 Written by [Octaura](https://news.octaura.com/author/octaura) | Jun 14, 2022 12:00:00 PM

["](https://www.bloomberg.com/quote/C:US)Citigroup Inc.<https://www.bloomberg.com/quote/C:US> and Bank of America Corp[.](https://www.bloomberg.com/quote/BAC:US) have teamed up with five other banks to form Octaura Holdings, an electronic trading platform for syndicated loans and collateralized loan obligations.

Brian Bejile, a longtime trading executive with Citigroup, was tapped as chief executive officer of the independent company, according to a statement. Credit Suisse Group AG, Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley and Wells Fargo & Co. -- along with Moody’s Analytics -- are also founding institutions of the firm." 

[Learn More](https://www.bloomberg.com/news/articles/2022-06-14/wall-street-looks-to-end-game-of-telephone-in-clo-loan-auctions#xj4y7vzkg?leadSource=uverify%20wall)

[View full post](https://news.octaura.com/wall-street-unites-on-7-bank-platform-to-ease-clo-loan-auction)

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