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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.”
