Finastra and Coefficient Markets Automate Corporate Loan Trading via EPIC and Loan IQ Integration

Finastra and Coefficient Markets have partnered to automate corporate loan trading by integrating the EPIC dealer workflow system with Finastra’s Loan IQ. This collaboration addresses the operational bottleneck caused by a 40% surge in secondary loan trading since 2023, allowing financial institutions to replace manual spreadsheets with automated trade capture and booking through API connectivity.

What was announced

The partnership centers on the direct integration of Coefficient Markets’ EPIC system with Finastra’s Loan IQ Nexus APIs. This technical link allows trades captured within EPIC—including single-trade, bulk, and portfolio bookings—to flow automatically into the Loan IQ environment for back-office processing. By removing the need for manual data re-entry, the integration aims to improve data consistency across the entire loan lifecycle, from the initial trade through to downstream operations.

The move specifically targets trading desks and their counterparties who have historically relied on disconnected systems and manual re-keying of data. By automating these workflows, the firms aim to reduce manual effort and improve accuracy, theoretically allowing teams to focus on investment decisions rather than administrative tasks. Beyond the immediate operational benefits, the collaboration builds on existing relationships both firms have established with S&P Global Market Intelligence. This broader ecosystem approach is designed to connect workflows across the secondary loan trading lifecycle, linking dealer workflows, servicing, and post-trade processes. The automation is intended to help dealers manage higher trading volumes and market complexity without increasing administrative overhead, ultimately supporting greater liquidity in the secondary loan market.

"Secondary loan trading activity has grown more than 40% since 2023, and trade counts have grown even faster, yet many dealer workflows still rely on manual processes, spreadsheets and disconnected systems."

Brian Callahan, CEO of Coefficient Markets

The companies involved

Finastra is a global provider of financial software applications and marketplaces, operating under the ownership of private equity firm Vista Equity Partners. The company maintains a significant presence in the lending, payments, and treasury sectors, with its Loan IQ platform serving as a cornerstone for many of the world's largest syndicated loan operations. Finastra has a long history of consolidating specialized financial technology, having been formed through the merger of Misys and D+H. Today, it focuses on providing open platforms that allow for the integration of third-party fintech solutions into traditional banking environments.

Coefficient Markets is a specialized technology provider focused on the fixed income and corporate loan markets. Its flagship EPIC platform is designed to streamline front-office workflows for dealers, providing tools for trade capture and portfolio management. While a newer entrant compared to established giants, Coefficient Markets has positioned itself as a bridge between front-office execution and the complex back-office requirements of the corporate debt market. The company frequently collaborates with data providers like S&P Global to enhance market connectivity and transparency in the secondary loan space.

What FF News has reported before

Finastra has maintained a high level of activity throughout late 2026, recently hosting the Finastra Summit, where the company highlighted a shift toward extracting value from existing technology stacks. The firm has also been active in the trade finance space, recently partnering with BRAC Bank to modernize operations via AI integration. Other recent developments include the launch of StandbyX for digitizing standby letters of credit in the U.S. and an AI-powered supply chain finance solution introduced during the Sibos conference.

What this means

This announcement highlights a critical shift in the corporate loan market: the transition from "bespoke and manual" to "automated and scalable." For years, the secondary loan market has lagged behind equities and foreign exchange in terms of straight-through processing (STP). As volumes rise, the pressure on legacy systems to handle bulk and portfolio trades without increasing headcount is becoming unsustainable. By opening up Loan IQ via APIs to front-office specialists like Coefficient, Finastra is acknowledging that the future of lending isn't a single monolithic platform, but a connected web of specialized tools. This puts pressure on smaller vendors who lack deep API integration capabilities and raises the bar for what dealers expect from their back-office infrastructure.