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Citi and Bank of America to build new multi-dealer CLO and syndicated loan platform
7 hours ago
Source: Bank of America
Citi and Bank of America are working together to build a new industry-led independent data and execution platform for fixed income markets.
The venture plans to develop a next generation trading, data and analytics platform for structured credit and underlying collateral markets. The contemplated multi-dealer platform will focus initially on CLOs and syndicated loans, with plans to expand into other asset classes.