Deutsche AM, Henderson, AXA IM Join Board of Bond Trading Utility Neptune
Board of newly established management company composed of buy-side and sell-side members, Grant Wilson named as interim CEO.
After the completion of its initial pilot phase at the end of last year, bond market initiative Neptune gathered support from over 40 institutional banks and asset managers, and currently has 17 dealers connected to the system distributing an excess of $70 billion of gross notional and 13,000 pre-trade indications.
Based on an ethos of open collaboration between bond market participants, Neptune is a not-for-profit utility network with the goal of establishing a hub for the exchange of pre-trade
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