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Direct Investment  + CLOs  | 
Octaura Launches CLO Electronic Trading Platform to Streamline Structured Credit Markets 

Octaura Launches CLO Electronic Trading Platform to Streamline Structured Credit Markets 

Octaura Holdings has launched its Collateralized Loan Obligation (CLO) electronic trading platform, expanding its structured credit capabilities after rolling out a syndicated loan trading platform in 2022. The new offering introduces a unified framework for CLO trading that enhances transparency and execution efficiency across the buyside and sellside. 

The platform supports three trading protocols—Bilateral, Request for Quote (RFQ), and Lists—with the List protocol delivering major efficiencies for Bids Wanted in Competition (BWICs), traditionally one of the most resource-intensive processes in the CLO secondary market. After several months of beta testing with early adopters, all three protocols are now fully live and facilitating trades. 

“Bringing our CLO platform and BWIC protocol to life is not just a milestone for Octaura, but a significant leap forward for the entire industry,” said Brian Bejile, CEO of Octaura. “For too long, structural inefficiencies have impeded institutional investors from fully participating in the CLO market.” 

By centralizing workflows, Octaura’s CLO trading platform allows participants to manage lists, notifications, and bids in one system; integrate directly with order management systems for automated trade booking; access historical trade and price data; and leverage Octaura’s proprietary, real-time analytics. The firm expects the platform to reduce time and friction in CLO trading, while deepening liquidity and supporting further growth in secondary market activity. 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.