Octaura and Allvue have partnered to boost electronic trading in loan markets, combining their solutions for alternative asset manager ICG.
Octaura, which provides electronic trading, data and analytics solutions for syndicated loans and collateralised loan obligations (CLOs), was developed by Bank of America and Citi in 2022. Its offerings will be combined with Allvue’s end-to-end portfolio risk management services to reduce the time it takes to reconcile trades.
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Octaura completed its first fully electronic syndicated loan trades in February 2023.
Vitaliy Kozak, chief product officer at Octaura, commented, “Leveraged loan trading has traditionally been a highly manual, labor-intensive process—hand reconciling 500 trades previously took days. Allvue and Octaura’s combined technology enables firms to complete these reconciliations in hours or even minutes.”
“This joint implementation represents a step forward in modernising public leveraged loans and the syndicated loan markets.”
The companies first connected their platforms in September 2024, integrating Allvue’s Trade Order Management System and Octaura’s Electronic Loan Trading platform.
Earlier this month, Octaura secured US$46.5 million in funding to expand its operations, increase market share in the loan market and finance its CLO trading platform launch.
In Q1 2025, Octaura captured 4.6% of total market volume in secondary loan trading.
©Markets Media Europe 2025
