“As evidenced by the electronification of other asset classes such as equities, foreign exchange or bonds, significant benefits can be derived from an electronic market, including the lowering of costs and operational risks and improving liquidity and price discovery for the loan market,” he said in a briefing on Thursday.
iLex is casting a wider net. The platform is seeking to cater to both primary and secondary markets for corporate loans, and is targeting banks, hedge funds, pension funds, sovereign wealth funds, life insurers, among others. By aggregating data from industry data partners, it hopes to provide users with insights into market activities by borrowers and lenders, as well as pricing and credit benchmarking tools.
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