Platform for Loans Looks to Revamp Market by Getting Traders Off the Phone
- Octaura allows traders to buy and sell loans via a platform
- The company was formed in 2022 by a group of seven banks
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A fintech platform looking to transform the trading of leveraged loans by doing away with phone calls launches Tuesday, the latest in a series of firms that aim to modernize the market.
Octaura Holdings is an electronic platform that allows traders to buy and sell loans in the secondary market. It also offers analytics tools and later plans to add trading of collateralized loan obligations.