Neptune Collaboration to Enhance Standardization, Liquidity to Fixed-Income Markets
Initiative to ease access to fixed-income liquidity through standardized information opens to wider bond markets.

Project Neptune was launched in August 2015 with the aim of introducing standardized axe and inventory information sharing to fixed-income markets, backed by a heavyweight roster of 42 buy-side and sell-side firms, including Goldman Sachs, UBS, JP Morgan, BNP Paribas and Bank of America Merrill Lynch.
With the pilot phase successfully completed, Neptune has dropped the "Project" from its name and has opened to further participants across the buy side and sell side. Using the FIX protocol, the
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