Neptune Adds Citi, Deutsche Bank to Open Standard Bond Trading Network
Citi and Deutsche Bank join buy/sell side collaboration network aimed at improving pre-trade bond indication sharing
Citi and Deutsche Bank have both taken a stake in the Neptune utility and join other institutions from the sell side including Goldman Sachs, Morgan Stanley, Credit Agricole, Credit Suisse, Goldman Sachs, Societe Generale and UBS, as well as asset management firms such as Deutsche Asset Management, AXA IM, Henderson Global Investors, Alliance Bernstein, Aviva Investors, Pioneer Investments and Aberdeen Asset Management, which joined Neptune in July this year.
Neptune, run by Neptune Network, was launched last year as a not-for-profit utility network with the goal of establishing a hub for the exchange of pre-trade bond axes and inventories in a standardized, transparent format between the buy and sell side.
In June this year Neptune announced its first connection with an external order management system (OMS), Fidessa's Minerva, while new functionality has been added this month through the addition of the new Watch List capability to the in-house Neptune desktop, which provides the quickest route to new clients for access to the network.
"The addition of Citi and Deutsche Bank 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," said Grant Wilson, CEO of Neptune Networks.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
This Week: What is going on?
Is it weird that Euronext bought Substantive? It’s weird, right? Plus WFIC, tick sizes, Microsoft and BlackRock want more datacenters for some reason, and, of course, AI. What does it all mean?
Waters Wavelength Ep. 288: Media’s changing landscape
Wei-Shen and Tony discuss ways to improve the podcast going forward.
Fidelity’s quantum exploration unites theory and proof
The asset manager and Amazon have teamed to put a quantum twist on machine learning.
GenAI could connect ‘constellation’ of vital information technologies
At WFIC, Six Group’s Marion Leslie highlighted the opportunities and risks that the technology holds.
Why can’t we be friends?
The ABA vs most every regulator. LSEG vs BBG. AI vs SaaS. Buy vs build. Lots of drama in the capital markets.
DORA will change the buy vs. build debate… maybe
Waters Wrap: With DORA’s deadline looming, trading firms are having to reassess their long-term tech strategies. Anthony wonders if that means more building and less buying.
JSE rolls out exchange data to cloud Marketplace, built with DataBP
The move—part of a broader cloud migration at the exchange—allows financial firms to connect and subscribe to JSE news, market data, and analytics via the cloud.
The SEC needs a hand with artificial intelligence
The SEC wants to take a tough stance on AI, but it has a talent problem… or a marketing problem. Or both…