Siepe has integrated its order management system (OMS) with Octaura’s electronic trading platform for syndicated loans and collateralised loan obligations (CLOs), according to a Siepe press release.
The integration enables users to create orders within Siepe’s OMS and route them directly to Octaura for execution. Executed trades are then returned automatically to the OMS as booked transactions including pricing, quantity and settlement details.
According to the companies, the setup is intended to reduce manual trade entry and reconciliation work in leveraged loan and structured finance trading.
Push towards electronic trading
The integration also gives traders access to Octaura liquidity from within Siepe’s existing blotter environment, without separate tools or implementation projects.
“As loan and CLO markets continue to grow and become more electronic, managers need access to technology solutions that can help navigate this evolving landscape and complexity,” said Siepe CEO Michael Pusateri in the statement.
Octaura chief product officer and head of insights Vitaliy Kozak said the integration was intended to support “electronic connectivity and access to execution” across the loan and CLO market.
The integration is now available to Octaura users and clients of Siepe’s OMS platform.
