Citi and Deutsche Bank Join Neptune to Simplify Bond Transactions

Neptune, an open standards network utility for the fixed income market, announced today that it has added Citi and Deutsche Bank to its expanding network.

The FM London Summit is almost here. Register today!

Pool of Bond Dealers

The Neptune network, which launched earlier this year, provides a venue for dealers to share information with investors on the bonds that they are looking to buy and sell, making it easier for investors to execute bond transactions.

A total of 17 bond dealers are already connected to the network which provides information in real-time on over 11,500 different bond securities with over $100 billion in gross notional across 20 different denominations, including $30 billion is US Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term. This is generated from over 17,000 pre trade real-time AXE indications in the system on a daily basis.

Grant Wilson, CEO of Neptune Networks commented, “The addition of Citi and Deutsche Bank, both market leaders in bonds, to the Neptune network, is an important step forward in the development of our open-access, non-discriminatory network that links bond market participants and makes the markets more efficient”.

Stakes

Citi and Deutsche Bank are both taking stakes in Neptune, and joining the Neptune Board and are both due to start providing their data to the network shortly.

Wilson added, “Adding two market leaders such as Citi and Deutsche Bank to the already strong Neptune board, comprised of Sell-side and Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term, is an important step to expand the reach and scope of the Neptune pre-trade data network both locally, in EMEA, and more broadly in other key regions such as the US and Asia”.

Neptune is a not-for-profit technology utility that was set up in 2015 to increase and improve the quality of information available to corporate bond market participants, and thereby strengthen liquidity. The data is provided to the network using an open standard which means it is cheap for users to connect to the network, and the data is easy to integrate with order management systems.

New Functionality

Neptune also released new Watch List functionality to the in-house Neptune desktop earlier this month. The desktop provides the quickest route to new clients for access to the network. The Watch List allows users to focus solely on their instruments of interest, accelerating identification and matching of sources for their required assets.

Neptune remains focused on enabling asset managers to use their preferred method of visualizing the pre-trade data including in-house OMS, third-party OMS vendors or a direct FIX connection as it continues to build its membership of the network.