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
The Waters Cooler: Tidings of comfort and joy
Christmas is almost upon us. Have you been naughty or nice?
FactSet launches conversational AI for increased productivity
FactSet is set to release a generative AI search agent across its platform in early 2025.
Waters Wavelength Ep. 295: Vision57’s Steve Grob
Steve Grob joins the podcast to discuss all things interoperability, AI, and the future of the OMS.
S&P debuts GenAI ‘Document Intelligence’ for Capital IQ
The new tool provides summaries of lengthy text-based documents such as filings and earnings transcripts and allows users to query the documents with a ChatGPT-style interface.
The Waters Cooler: Are times really a-changin?
New thinking around buy-build? Changing tides in after-hours trading? Trump is back? Lots to get to.
A tech revolution in an old-school industry: FX
FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.
Waters Wavelength Ep. 294: Grasshopper’s James Leong
James Leong, CEO of Grasshopper, a proprietary trading firm based in Singapore, joins to discuss market reforms.
The Waters Cooler: Big Tech, big fines, big tunes
Amazon stumbles on genAI, Google gets fined more money than ever, and Eliot weighs in on the best James Bond film debate.