This represents a major expansion in serving the leveraged loan market.
Versana allows tracking of an initial loan position through to its new refinanced facility.
The electronic syndicated loan trading platform has also raised $46.5m.
This will facilitate the launch of a CLO trading platform and developing data and analytics.
The integration offers straight-through processing, real-time price discovery and seamless execution workflow.
The Market Lists protocol cuts liquidations of collateralized loan obligations from days to hours.
This transaction aims to establish a precedent for traditional financial participants.
This milestone for Versana increases operational efficiencies and streamlines digital workflows.
The consortium has reached 1% of leveraged loans being traded electronically on its venue in one year.
