Neptune Networks, CME push better quality bond data

Jonathan Boyd
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Neptune Networks, CME push better quality bond data

Neptune Networks has collaborated with CME Group to provide better quality bond market data to clients on the buy side.

The improvements are based on combining AXE/INV positions and two-way streams, Neptune said, while its own distribution channel facilitates reception of the better quality data.

Grant Wilson, Neptune CEO, said: "The finance industry is quickly adapting to a new world of data. Evolving demand resulting in global spending on financial market data and analysis hitting record industry growth of $30.5bn. Collaborating with CME Group allows Neptune to bring a composite based on high quality data to the market, helping firms with rising costs."

Adam Honoré, head of Data Products at CME Group, adde: "Our customers are increasingly asking us to deliver data beyond our core markets through CME Group infrastructure to make information access faster and at a lower cost than a bespoke approach. We are excited to work with Neptune Networks to deliver a corporate bond composite without the overhead of additional subscriptions or fees."

Neptune is a consortium of sell side banks that provide bond market data to buy side clients. The data product is available via the Neptune user interface and is live for any bond that fits the liquidity and pricing used to create the composite. It will be extended to other data and asset classes as they are added to the network. Data contributors receive the composite for free. Customers can also access it via a direct feed from CME, which operates a derivatives marketplace.

 

Jonathan Boyd
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Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.