Sync Up™: a new dealer-to-dealer, session-based workflow.

Interdealer activity drives markets, but much of it still happens outside traditional workflows. Liquidity exists - the challenge is giving dealers a coordinated way to find and act on it.

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A new layer of dealer-to-dealer liquidity.

Dealers can discover compatible liquidity across enabled counterparties.

It is the missing layer between discovery and execution — built to help dealers interact with liquidity directly on-platform and submit interest anonymously.

  • 1.1Submit: Dealers can upload or submit prices any time from market open until session start.
  • 1.2Match Generation: Session Prices and matches are generated.
  • 1.3Sync Up Matches Reveal: Matches are revealed to dealers.
  • 1.4Dealer Review: Matches are revealed, and dealers confirm which matches they want to proceed or pass on.
  • 1.5Session Concludes: Session closes, and dealers can review their post-trade results.

The market cannot answer interest it never sees.

Positions sit on blotters. Interest moves through disconnected channels. Without a shared interaction layer, opportunities can be missed. Sync Up gives dealers a controlled way to surface eligible syndicated loan positions into a scheduled session.

Built for dealers.

The Sync Up Protocol was designed as a natural extension of the dealer tools and processes already in place on Octaura.

Built for dealers.

  • As the first protocol in Octaura’s dealer roadmap, Sync Up expands the toolkit available to the dealer community.

  • Dealers can launch directly from Runs Manager and move positions into Sync Up with a single click. Instrument details, sizing, and pricing carry forward, while the familiar grid layout, upload/export functionality, and bulk edits help reduce adoption friction.

  • Dealers define direction, size, Internal Target Price, and execution preferences; Sync Up identifies where compatible interest may exist.

From fragmented to coordinated.

Sync Up brings dealer-to-dealer interaction into a shared environment with a consistent, session-based process.

From fragmented to coordinated.

  • The result is a clear, time-boxed path from submission to match review to execution.

  • At launch, Octaura will offer a two- to three-week testing period with a fee holiday so dealers can get comfortable with the new protocol, session timings, and workflow before fees apply.

  • Each session is designed around two dealer actions: submit loans by 11:00 a.m., then decide which matches to proceed with between 11:10 a.m. and 11:30 a.m.

Why the price matters.

For Sync Up to work, dealers need more than a match. They need a price they can evaluate with confidence. For dealers, the OPX-derived Session Price supports three critical parts of the protocol:

Confidence

Dealers can compare the Session Price against their Internal Target Price and evaluate whether the level makes sense for them. Session Prices are derived from Octaura’s pricing models: OPX Mids for OLS 6–10+ loans and OP Mids for OLS 5 and below. Together, these models create the pricing foundation dealers use to evaluate opportunities in the session.

Participation

A shared price should reduce bilateral negotiation friction and may give dealers a reason to submit more line items. Because Sync Up brings competing dealers into a shared session, a trusted, independent price gives both sides a common framework to evaluate the opportunity, decide whether to Proceed or Pass, and transact around a consistent level.

Market color

Even when no trade occurs, the Session Price can give participating dealers a fresh read on where interest may be forming. The stronger the mid, the more useful Sync Up becomes as both a liquidity and market color tool.

Put your position in play.

Sync Up is designed around defined session timing, line-item precision, and dealer control.

At 11:00 a.m., Sync Up generates a Session Price as a shared market reference. Dealers can compare it to their Internal Target Price, evaluate the delta, and decide whether the opportunity is worth pursuing once matches are revealed. If both sides proceed, the trade executes at the Session Price. If not, participating dealers can still receive fresh market color.

Sessions-driven

Dealers can submit loans from 8:00 a.m. to 11:00 a.m., review matches beginning at 11:10 a.m., and confirm by the 11:30 a.m. close.

Precise

Pricing and matching occur line item by line item, not through portfolio-level batching.

Controlled

Dealers remain anonymous during discovery and privately choose whether to Proceed or Pass when opportunities emerge.

The next layer of our dealer roadmap.

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