News release
Genesis Builds New Octaura E-Trading Platform for Leveraged Finance and Structured Credit
NEW YORK – (BUSINESS WIRE) – Citi and Bank of America, joined by Credit Suisse, Goldman Sachs, J.. Morgan, Morgan Stanley, Wells Fargo, and Moody’s Analytics, today announced the launch of Octaura Holdings (“Octaura”), an independent company whose goal is to create the first open market electronic trading platform for syndicated loans and collateralized loan obligations (CLOs). Built in collaboration with Genesis Global, the low-code software development platform for financial markets, Octaura aims to provide comprehensive trading solutions with natively integrated data and analytics.
The Octaura venue for loans will launch first, with the CLO trading venue to follow. The company then plans to expand to other products in the credit market.
Read the full press release on Business Wire here.
About Genesis Global
Genesis provides freedom from legacy and replaces the buy versus build challenge with a buy-to-build solution. Purpose-built for financial markets organizations, the Genesis low-code platform powers application development with the speed, performance and flexibility these organizations need to gain a sustained competitive edge. With highly composable and customizable components, development teams can accelerate innovation today while scaling for tomorrow.
Whether it’s extending the capabilities of legacy applications or building brand new apps or platforms, Genesis supercharges developers with reusable components, dev tools and documentation. Built with modern technologies and an event-driven architecture, the platform can handle the performance and scalability needs of the world’s premier financial markets institutions.
Strategically backed by Bank of America, BNY Mellon and Citi, Genesis has global offices in Miami, New York, Charlotte, London, Leeds, São Paulo, Dublin and Bengaluru.
Media contact:
Alex Paidas, Corporate Communications, Genesis Global
[email protected] +1 646 246 4889
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