Neptune Networks Ltd. (Neptune), the fixed income network for disseminating real-time axe data, today announced the addition of Flow Traders to its bond dealer community. Neptune delivers the highest quality axes from 30 of the leading dealers in global Fixed Income to over 80 buy-side firms managing $49.5 trillion in global AUM.

Flow Traders will distribute axes on Investment Grade and High Yield corporate credit as well as Emerging Markets Sovereign bonds via Neptune, with an initial focus on 5,000 ISINs in Euro-denominated corporate credit and Dollar-denominated Emerging Markets Sovereign Bonds.

Commenting on Flow Traders joining the network, Neptune CEO John Robinson said, “We are delighted to have Flow Traders join Neptune as the latest dealer to provide axes and inventory data to our buy-side community. This has been a client driven addition, as buy-side traders and portfolio managers continue to ask for high quality data from alternative liquidity providers such as Flow Traders.”

Ramon Balje, Head of Fixed Income EMEA at Flow Traders, said, “The corporate bond market continues to transform and innovate as a result of technology advancements and the availability of higher quality data. Flow Traders has been a longstanding supporter of this innovation and the transparency, cost reduction and efficiency gains it brings to the market. Therefore, we are delighted to become a sell-side contributor on the Neptune platform and provide axes and inventory data to their growing network of counterparties.”




About Flow Traders

Flow Traders is a leading global financial technology-enabled liquidity provider in financial products, historically specialized in Exchange Traded Products (ETPs), now expanding into other asset classes. Flow Traders ensures the provision of liquidity to support the uninterrupted functioning of financial markets. This allows investors to continue to buy or sell ETPs or other financial instruments under all market circumstances. We continuously grow our organization, ensuring that our trading desks in Europe, the Americas and Asia can provide liquidity across all major exchanges, globally, 24 hours a day. Founded in 2004, we continue to cultivate the entrepreneurial, innovative and team-oriented culture that has been with us since the beginning.

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About Neptune

Neptune supplies the highest quality bond pre-trade data (axes and inventory) from the sell-side to the buy-side via FIX. There are currently 30 banks on the platform. Neptune supplies data that is standardised, real-time and direct from sell-side risk systems, rather than periodic runs or manual spreadsheets with their high probability of errors and poor timeliness. Neptune data is delivered via several workflow efficient options, including direct to client OMS and/or EMS, or via a single API, providing 30 dealers’ data via one connection.

Neptune is uniquely governed by a collaboration of banks and the buy-side. Neptune’s working groups provide the industry an opportunity to work together to drive technological change. Neptune’s vision is to become the destination for all bond market stakeholders, enhancing reliable, relevant, insight-enabled relationships between the buy-side and the sell-side. The platform carries over 90,000 positions daily, around $600bn in notional liquidity, in asset classes such as Credit, Rates and Emerging Markets. Neptune is used by 80 buy-side firms globally, managing in excess of $49.5 trillion in AUM.

Neptune has consistently grown since inception in mid-2016 and was highlighted in The Desk’s 2021 Trading Intentions Survey of major buy-side customers as the most used independent pre-trade source. Neptune have bucked the trend for start-ups in Fixed Income, which have frequently struggled to compete with the large incumbent players.

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Sharpening the axe: Neptune sees expanding opportunity for buy- and sell-side.

Buy-side firms are consuming more data than ever and Neptune is well placed to ensure quality and reliability of axes are elevated.


Read more on The Desk:

The Desk’s annual Trading Intentions Survey has demonstrated strong growth in Neptune adoption. This is a survey of global buy-side clients and the systems they use and intend to use in the near future. It is an endorsement of Neptune’s approach and encouraging given a challenging 2020. It is also an indication of the impact of the new hires to the firm over the past six-months.

Key quotes from the survey include:

“Neptune, as the most commonly used standalone pre-trade data source (i.e. being unconnected to a trading venue), saw its overall user base increase by seven percentage points.”

Under User confidence in platforms: “Neptune was the most successful platform outside of the big three.”

The full survey is available on The Desk’s site here.