Rabobank and TD Securities join Neptune
August 1, 2017

Neptune, the Fixed Income network for real-time "axe" indications, today announced the addition of Rabobank and TD Securities to its network and board. Rabo and TD thus become the 23rd and 24th participating banks on the network, says Neptune.

An axe is the interest that a person or trader shows in buying or selling a financial security. Neptune says the network provides a venue for investors to consume the highest quality bond axes/inventory data from their most trusted Bank counterparts. This enables institutional investors to be more effective and targeted when looking to execute large size orders in products such as corporate and emerging market bonds.

There are already 21 bond dealers live on the network, providing axe information in real time on over 30,000 different securities with over US$140 billion in gross notional across 20 different denominations, including $50 billion is US liquidity. This is generated from over 30,000 pre-trade real-time "axe" indications in the network, daily. This strong growth is expected to continue with the 22nd bank due to go live later in August.

The accession of Rabo and TD is an indication of the maturity of the platform, says Neptune. "Both banks are important counterparties in their areas of the market and will further satisfy buy-side client demand for the highest-quality data in the bond market to satisfy pre and post trade needs including managing liquidity risk in response to SEC rule 22e-4," said Grant Wilson, Chief Executive Officer of Neptune Networks Ltd.





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Neptune, the Fixed Income network for real-time "axe" indications, today announced the addition of Rabobank and TD Securities to its network and board. Rabo and TD thus become the 23rd and 24th participating banks on the network, says Neptune.

An axe is the interest that a person or trader shows in buying or selling a financial security. Neptune says the network provides a venue for investors to consume the highest quality bond axes/inventory data from their most trusted Bank counterparts. This enables institutional investors to be more effective and targeted when looking to execute large size orders in products such as corporate and emerging market bonds.

There are already 21 bond dealers live on the network, providing axe information in real time on over 30,000 different securities with over US$140 billion in gross notional across 20 different denominations, including $50 billion is US liquidity. This is generated from over 30,000 pre-trade real-time "axe" indications in the network, daily. This strong growth is expected to continue with the 22nd bank due to go live later in August.

The accession of Rabo and TD is an indication of the maturity of the platform, says Neptune. "Both banks are important counterparties in their areas of the market and will further satisfy buy-side client demand for the highest-quality data in the bond market to satisfy pre and post trade needs including managing liquidity risk in response to SEC rule 22e-4," said Grant Wilson, Chief Executive Officer of Neptune Networks Ltd.



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