BL Update announces leveraged loan platform launch

BL Update has today announced the launch of its FI TradeXchange platform for institutional participants to the syndicated leveraged loan markets.

Broker-dealers to the leveraged loan market can now access the FI TradeXchange platform to identify buy-side counterparties to trade both liquid and illiquid leveraged loans. The platform aims to provide execution of leveraged loan assignment while mitigating the risk of holding leveraged loans for their own account.

In addition, the platform provides price and size discovery of leveraged loans to all participants. Membership to the platform is free and members only pay upon execution of a trade.

Cortland Capital Markets, a strategic partner of BL Update, will act as a provider of bank loan settlement services to BL Update’s clients on the FI TradeXchange platform.