Category: Structured Finance
Multi-dealer CLO platform unveiled
Citi and Bank of America have announced they are working together on building a new data and execution platform, initially focused on CLOs and syndicated loans. The proposed multi-dealer platform, which is currently in a testing phase, is expected to launch later this year.
BofA and Citi say they initiated the project to address challenges seen throughout the fixed income markets for both dealers and the buy-side – including efficiency, liquidity and cost of execution – and lead the sector’s switch to electronification.
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