Neptune Expands Its Bond Market Data Hub, Set to Launch in Early July

Neptune Networks, a fixed-income pre-trade market utility, says it will launch an expanded version of its network in early July.

The market utility provider noted that Genesis Global, a low-code application development firm, began working on its new Neptune service in January.

However, all existing services and functionality available on Neptune will also be available on the new platform, the provider said.

Neptune Networks disclosed the ongoing upgrade on Wednesday in a press statement.

The firm said its network is used by 80 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 companies around the world.

Neptune Networks, whose data is delivered through several workflow-efficient options, added that it manages over $50 trillion in assets under management.

‘Next-Generation Service’

Neptune Network in the statement explained that the enhanced version of its network will offer its 115 clients and dealers a new web interface.

Additionally, the version will come with several new features such as single-name credit default swaps (CDS), support for emerging market bonds and improved market analysis.

John Robinson, the CEO at Neptune Networks Limited, explained that the partnership with Genesis will enable the pre-trade market utility provider to build “the next-generation service” the fixed income market needs.

“Adding single-name CDS and a host of other features are timely additions to our service and, going forward, Genesis enables us to update and upgrade our service with supreme speed,” Robinson added.

Moreover, the CEO noted that Neptune Networks has created “an exciting roadmap” to provide more data, analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term and customization to its global buy and sell-side community.

In his comment, Gavin Collins, the Chief Technical Officer at Neptune Networks Limited, praised the pace at which the project is moving.

“Start to finish in six months for a platform and community this size is one of the fastest builds I have been involved with,” Collins said.

An Enhanced Neptune

Neptune Networks, which carries over 100,000 positions daily, pointed out that the modular, low-code software design by Genesis makes the upgrade of its platform easier and faster.

“Rather than amending traditional code, updating Neptune to provide new data or functionality simply requires adding modules or amending modules already in the system,” it explained.

Additionally, the market utility provider noted that the new version integrates with order management systems (OMS), execution management systems (EMS) and proprietary trading tools.

Furthermore, this integration works in tandem with a financial information exchange (FIX) application programming interface (API), it pointed out.

FIX API is a set of well-defined rules and methods built specifically for the electronic transfer of financial data.

“Data can also be transmitted via Secure File Transfer Protocol and any user can access Neptune’s user-friendly interface,” Neptune added.