Neptune Networks, a fixed income network for disseminating real-time axe data, announced the addition of Flow Traders to its bond dealer community. Neptune delivers real-time axes from 30 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.
Neptune CEO John Robinson said in a statement: “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 in a statement: “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.”
In a separate release, Flow Traders also announced that it’s committed to become a name-disclosed liquidity provider in US high yield corporate bonds, euro-denominated investment grade and high yield bonds and emerging market sovereign bonds through the MarketAxess trading platform. Flow Traders is also actively contributing streaming prices as a market maker for US high yield corporate bonds on the anonymous Live Markets order book.