EPAM helps Neptune exceed growth expectations

EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development services, and its client, Neptune, an open standards network utility for the fixed income market developed by EPAM, are celebrating more than two successful years on the market.

The first utility of its type in Europe, Neptune launched in August 2015 with a limited set of buy-side and sell-side sponsors using the network. Today, the network has 25 leading banks in its consortium and carries over 30,000 different securities with over $170 billion in gross notional across 20 different currencies.

“When we were first approached by Neptune, we didn’t know how fast it was going to grow in just two years. By leveraging our domain knowledge in financial services, software engineering heritage and big data expertise, EPAM was able to provide the technology backbone that allowed Neptune to scale and expand substantially”
“We look forward to partnering and collaborating with Neptune in the future to drive even greater growth, develop new features and enhance innovation.”Mark Bisker, Senior VP of Banking and Financial Solutions, EPAM

Neptune uses a FIX standard for pre-trade information flows, allowing banks and investors to exchange controlled and targeted real-time axe and inventory data. Asset managers using the system connect directly to the utility via a GUI, their own in-house developed OMS, or an external OMS provider to receive pre-trade indications from multiple banks.

“We embarked on the creation of Neptune with the objective of creating a platform that had the capability to not only meet our immediate plans, but to give us the capacity to grow and develop. Through their expertise, our trusted EPAM team delivered this technology, which will help us as we continue to expand our business.”Grant Wilson, CEO of Neptune Networks Ltd

For more information about EPAM’s capabilities in financial services, please visit www.epam.com/industries/financial-services.



Source: EPAM

https://www.epam.com/about/news-and-events/press-releases/2017/epam-helps-neptune-exceed-growth-expectations