Neptune Networks, the fixed-income pre-trade market utility, and Genesis Global, the low code application development platform purpose built for financial markets organizations, announced that a new, expanded Neptune platform developed by Genesis will launch in early July.
The enhanced Neptune service will offer its 115 clients and dealers a new web interface and several new features including: single name CDS, support for emerging market bonds and improved market analysis, including axe skews. All prior services and functionality offered by Neptune will remain available on the new platform.
“Bringing Neptune onto Genesis technology enables us to provide the next-generation service the fixed income market requires,” said John Robinson, CEO at Neptune Networks, in a statement. “Adding single-name CDS and a host of other features are timely additions to our service and, going forward, Genesis enables us to update and upgrade our service with supreme speed. We have an exciting roadmap to supply even more data, analytics and customization to our global buy- and sell-side community.”
“Building the new Neptune service capitalizes on our fixed-income expertise and the transformative power of our low-code platform,” said Stephen Murphy, CEO and co-founder of Genesis, in a statement. “Our low-code architecture makes it easy for services like Neptune to add features, datasets and analytics. With its new platform in place, Neptune has unmatched ability to bring innovation to its community and the market.”
Genesis began development of the new Neptune service in January and the firms believe this exemplifies the fast, modern deployment approach Genesis affords a sophisticated, global fixed-income markets platform and other complex initiatives.
Start to finish in six months for a platform and community this size is one of the fastest builds I have been involved with,” said Gavin Collins, CTO at Neptune.
The modular, low-code software design by Genesis makes it much easier and faster for Neptune to introduce new capabilities and analytics. Rather than amending traditional code, updating Neptune to provide new data or functionality simply requires adding modules or amending modules already in the system.