Wall Street Unites on 7-Bank Platform to Ease CLO, Loan Auction.

RDFA2GT1UM0W (Bloomberg) -- Citigroup Inc. and Bank of America Corp. have teamed up with five other banks to form Octaura Holdings, an electronic trading platform for syndicated loans and collateralized loan obligations. Loan Markets The market for loans is also largely manual, said David Trepanier, head of structured products, global credit and special situations at Bank of America. Keywords: BAC; C; CSGN@SW; GS; JPM; MCO; MS; WFC; ALLTOP; BON; BUSINESS; COS; FIN; INDUSTRIES; MARKETS; NORTHAM; TEC; TECSVC; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN BAC C CSGN@SW GS JPM MCO MS WFC ALLTOP BON BUSINESS COS FIN INDUSTRIES MARKETS NORTHAM TEC TECSVC TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU Citigroup Inc. and Bank of America Corp. have teamed up with five other banks to form Octaura Holdings, an electronic trading platform for syndicated loans and collateralized loan obligations. [Extracted from the article]