Rabobank And TD Securities Join Neptune
Neptune, the Fixed Income network for real-time “axe” indications, today announced the addition of Rabobank (“Rabo”) and TD Securities “TD” to its network and board. Rabo and TD become the 23rd and 24th participating banks on the network.
The Neptune network provides a venue for investors to consume the highest quality bond axes/inventory data from their most trusted Bank counterparts. This enables institutional investors to be more effective and targeted when looking to execute large size orders in products such as corporate and emerging market bonds.
Twenty-one bond dealers are already live on the network, providing axe information in real-time on over 30,000 different securities with over $140 billion in gross notional across 20 different denominations, including $50 billion is US liquidity. This is generated from over 30,000 pre-trade real-time “axe” indications in the network, daily. This strong growth is expected to continue with the 22nd Bank due to go live later in August.
“Rabo and TD joining Neptune is an indication of the maturity of the platform. Both banks are important counterparties in their areas of the market and will further satisfy buy-side client demand for the highest-quality data in the bond market to satisfy pre and post trade needs including managing liquidity risk in response to SEC rule 22e-4,” said Grant Wilson, CEO of Neptune Networks Ltd.
The EC has provided feedback to regulators.
Banks get an aggregated view of trading across electronic and voice.
Clients are stepping up discussions on how to engage with MiFID II data.
The race to innovate in financial data has already begun.
The aim is to provide a frictionless, interoperable solution for Securities Financing Transactions Regulation.