WSJ/Reuters: banks work on corporate bond liquidity hub Neptune

Global banks join hands to set up one-stop bond shop – WSJ

Oct 6 (Reuters) – A group of 12 global banks are working together to set up a one-stop bond shop for buyers and sellers of corporate bonds, the Wall Street Journal reported, citing people familiar with the matter.

The initiative, called “Neptune,” will not be for executing trades, rather it will link up banks and investors in the market and potentially some of the existing trading platforms they use, the newspaper reported. (on.wsj.com/1xfufSR)

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