Charles River® and Octaura Launch Two-Way Interface for Simplified Syndicated Loan Trading
12 Junho 2024 - 12:03PM
Business Wire
Charles River Development, a State Street Company, today
announced the launch of its two-way interface with Octaura LL
Trading Co., LLC. The interface allows Charles River and Octaura
customers to streamline their syndicated loan trading workflows,
promoting greater efficiency and transparency.
Octaura offers an electronic syndicated loan trading solution
that delivers trading protocols, real-time data and analytics on a
single platform. Charles River’s Investment Management Solution
provides a technology platform to help automate and simplify the
investment process across asset classes, from portfolio management
and risk analytics through trading and post-trade settlement, with
integrated compliance and managed data throughout.
Through the two-way interface with Octaura, Charles River
clients can submit orders from within Charles River IMS to the
Octaura system and receive real-time updates via the Charles River
FIX Network. This streamlined process is designed to eliminate
cumbersome workflows and supports efficacious order placement and
management.
“We are excited to leverage this enhanced interface between
Charles River and Octaura in our trading process,” said Greg
Shenkman, Head of Loan Trading, Shenkman Capital Management.
“Trading syndicated loans has long been a manual and inefficient
process, with the potential for errors and delays. This improved
technology allows us to get best execution for our clients in a
more effective way.”
“We are thrilled to collaborate with Charles River to deliver an
effective trading experience that promotes faster execution and
reduces end-to-end workflow complexity,” said Brian Bejile, Chief
Executive Officer, Octaura. “We created Octaura to improve
efficiency, liquidity and transparency by modernizing the way
syndicated loans are traded. This integration with Charles River
helps to deliver on that objective.”
“Electronic trading has never been more integral for asset
managers operating in the syndicated loans space,” said Pradeep
Mouli, Product Owner for Syndicated Loans and Private Credit,
Charles River Development. “We are excited to partner with Octaura
to bring real, transformative change to the loan market, which
underscores our goal of empowering clients with comprehensive,
real-time, and effective trading capabilities.”
About Octaura Octaura is a leading provider of
electronic trading, data, and analytics solutions for syndicated
loans. Founded as an independent company in 2022, Octaura
represents a significant milestone in the advancement of trade
modernization for these markets through common operational
criteria, automation across pre- and post-trade life cycles,
improved ease in transactions and advanced data and analytics. To
learn more, visit www.octaura.com.
About Charles River Development, A State Street
Company Investment and wealth managers, asset owners and
insurers in over 30 countries rely on Charles River IMS to manage
USD $59 Trillion in assets. Together with State Street’s middle and
back office services, Charles River’s cloud-based front office
technology forms the foundation of State Street Alpha®. Charles
River IMS helps automate and simplify the investment process across
asset classes, from portfolio management and risk analytics through
trading and post-trade settlement, with integrated compliance and
managed data throughout. Charles River for Private Markets helps
solve complex data challenges for investors in private credit, real
estate, private equity, and infrastructure. Charles River’s partner
ecosystem enables clients to access the data, analytics,
application and liquidity providers that support their product and
asset class mix. With more than 135% increase in headcount over the
last 5+ years, Charles River serves clients globally offering 24/7
support. To learn more visit www.crd.com. *Statistics as of Q1
2024. Assets are inclusive of clients using the platform for
purposes of secondary compliance
About State Street Corporation State Street
Corporation (NYSE: STT) is one of the world's leading providers of
financial services to institutional investors including investment
servicing, investment management and investment research and
trading. With $43.9 trillion in assets under custody and/or
administration and $4.3 trillion* in assets under management as of
March 31, 2024, State Street operates globally in more than 100
geographic markets and employs approximately 46,000 worldwide. For
more information, visit State Street's website at
www.statestreet.com.
* Assets under management as of March 31, 2024 includes
approximately $66 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
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Media Ed Patterson epatterson@statestreet.com (404)
213-3106
State Street (NYSE:STT)
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