NatWest Markets Joins Neptune09.30.2019
Neptune Networks Ltd. (Neptune) the fixed income network for disseminating real-time data, today announced the addition of NatWest Markets to its bond dealer community, making it the 29th participating bank to join the network.
— Neptune Networks Ltd (@NeptuneFI_LDN) September 30, 2019
The Neptune network provides a venue for investors to consume the highest-quality data, including bond axes/inventory, from their most trusted bank counterparts. This enables institutional investors to be more effective and targeted when looking to execute large sized orders in products such as corporate and emerging market bonds.
Twenty-seven bond dealers are already live on the network, providing axe information in real-time for over 30,000 different securities, with over $210 billion in gross notional, across 20 different denominations, including $100 billion in US sourced liquidity. This is generated from over 55,000 pre-trade real-time “axe” indications in the network, daily. The network’s popularity is expected to continue through 2019 as more dealers come to grips with an ever-changing market structure and look for more efficient and cost-effective ways to connect to their clients.
“NatWest Markets joining Neptune is a continued affirmation of the model and the platform as a whole in this continuously changing regulatory and market environment. NatWest is important to the users of Neptune in their areas of the market and will further satisfy buy-side client demand for the highest-quality data in the bond market,” said Grant Wilson, CEO of Neptune Networks Ltd.
“By joining Neptune’s dynamic market data platform, we enable our clients to make faster, better informed and more efficient trades,” said Peter Duenas-Brckovich, Head of Credit Trading, Sales & Strategy at NatWest Markets. “Automating the publication of real-time axes for investors forms a key part of our digital strategy, and we look forward to growing our representation on a variety of digital platforms later this year.”
The Treasury is soliciting public feedback on additional post-trade data transparency.
The future of trading is digital and interoperable.
European government bond trading volumes increased 17.5% year-on-year in the first quarter.
The two platforms will link trading workflows in emerging markets bonds and currency swaps.
Axess All Prints improves transparency, particularly for automation and algo trading.