Charles River Development, a State Street Company, 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.”

Source: Charles River