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Citi and Deutsche Bank join Neptune

First Published 10th November 2016

Citi and Deutsche Bank to take stakes in Neptune's open-standard network for bond pre-trade real-time AXE indications.

 Grant Wilson, Neptune

Grant Wilson, Neptune

London - Neptune, the open-standard network for bond pre-trade real-time AXE indications, has announced the addition of Citi and Deutsche Bank to its network.

The Neptune network provides a venue for dealers to share information with investors on the bonds that they are looking to buy and sell, making it easier for investors to execute bond transactions.

17 bond dealers are already connected to the network which provides information in real-time on over 11,500 different bond securities with over $100 billion in gross notional across 20 different denominations, including $30 billion is US liquidity. This is generated from over 17,000 pre trade real-time AXE indications in the system on a daily basis.

"The addition of Citi and Deutsche Bank, both market leaders in bonds, 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.