Grant Wilson, Neptune
The Neptune network provides a venue for institutional investors to access sell-side pricing on the key bonds they are looking to buy and sell, enabling investors to execute orders, prove best execution, minimize information leakage and comply with regulation such as SEC Rule 22e-4, and it's equivalent in EMEA, which expands on the existing framework for the oversight and management of liquidity risks.
Seventeen bond dealers are already live on the real-time network (the remaining four are expected to go live in Q1) with over 13,500 individual securities, across 20 different denominations. This has resulted in over 19,500 real-time AXE indications in the system, updating around 7 million times per day.
"The addition of Nomura and Jefferies to the Neptune network is an important step forward in the development of our open-access, non-discriminatory network which links bond market participants and makes markets more efficient whilst continuing the theme of aggregating global liquidity onto one platform." said Grant Wilson, CEO of Neptune Networks Ltd.