Neptune Networks Ltd. (Neptune), today announced the release of their composite product, working in collaboration with CME Group, to provide clients access to a higher quality representation of the market.
This latest addition to Neptune, a consortium of sell-side banks that provide bond market data to buy-side clients, has been sourced from invaluable data calculated from a combination of AXE/INV positions and two-way streams. Due to Neptune’s trusted distribution channel, the data received is of a superior level, creating a higher quality composite. This is a new milestone for CME Group’s market data business, emphasizing value, accessibility and market transparency.
“The finance industry is quickly adapting to a new world of data. Evolving demand resulting in global spending on financial market data and analysis hitting record industry growth of $30.5 billion. Collaborating with CME Group allows Neptune to bring a composite based on high quality data to the market, helping firms with rising costs,”Grant Wilson, CEO of Neptune Networks Ltd
“Our customers are increasingly asking us to deliver data beyond our core markets through CME Group infrastructure to make information access faster and at a lower cost than a bespoke approach,”Adam Honoré, Head of Data Products at CME Group
“We are excited to work with Neptune Networks to deliver a corporate bond composite without the overhead of additional subscriptions or fees.”Adam Honoré, Head of Data Products at CME Group
The product is available via the Neptune user interface and live on any bond that fits the liquidity and pricing to create the composite. This will extend as further data and asset classes are added to the network. Data contributors receive the composite for free, on a give to get relationship. Customers can also receive this product via a direct feed from the CME.
Neptune Networks delivers high-quality bond market data from sell-side banks to buy-side clients. Our technology enables real-time connectivity between banks and investors which leads to meaningful conversations, satisfying the immediate requirements of each party and ultimately, increasing trade volumes. We are uniquely positioned in the marketplace, as we have bilateral commitment from buy-side and sell-side, including representatives of each sitting on our board.
As the world’s leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. Through its exchanges, CME Group offers the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. CME Group provides electronic trading globally on its CME Globex platform. The company also offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives through its clearinghouse, CME Clearing. CME Group’s products and services ensure that businesses around the world can effectively manage risk and achieve growth.https://www.cmegroup.com/market-data/global-corporate-bond-composite.html