Neptune and CME Group provide high-quality composite for the Global Bond Market

Neptune and CME Group provide high-quality composite for the Global Bond Market
20.08.2019 08:09 am

Neptune and CME Group provide high-quality composite for the Global Bond Market

Derivatives and OTC Derivatives

Neptune Networks Ltd. (Neptune), today announced the release of their composite product, working in collaboration with CME Group, to provide clients access to a higher quality representation of the market.

This latest addition to Neptune, a consortium of sell-side banks that provide bond market data to buy-side clients, has been sourced from invaluable data calculated from a combination of AXE/INV positions and two-way streams. Due to Neptune’s trusted distribution channel, the data received is of a superior level, creating a higher quality composite. This is a new milestone for CME Group’s market data business, emphasizing value, accessibility and market transparency.

“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 $30.5 billion. Collaborating with CME Group allows Neptune to bring a composite based on high quality data to the market, helping firms with rising costs,” said Grant Wilson CEO.

“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,” said Adam Honoré, Head of Data Products at CME Group, “We are excited to work with Neptune Networks to deliver a corporate bond composite without the overhead of additional subscriptions or fees.”

The product is available via the Neptune user interface and live on any bond that fits the liquidity and pricing to create the composite. This will extend as further data and asset classes are added to the network. Data contributors receive the composite for free, on a give to get relationship. Customers can also receive this product via a direct feed from the CME.

 

Related News

Cassini Systems Partners with AcadiaSoft to Help Clients Manage Initial Margin Requirements

Cassini Systems, the leading provider of pre- and post-trade margin analytics for derivatives market participants,... Read more »

TriOptima Announces Completion of First Cleared Inflation Swap Compression Run in LCH SwapClear

TriOptima, a leading infrastructure service that lowers costs and mitigates risk in OTC derivatives markets, today announced that it has completed the first cleared inflation... Read more »

TriOptima Record Compression Shrinks Notional in Eurex Clearing

TriOptima, a leading infrastructure service that lowers costs and mitigates risk in OTC derivatives markets, ... Read more »

NRI and Mizuho Bank Complete Research Addressing Applications of AI in Eliminating Tedious Derivative Contract Procedures

Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, in collaboration with Mizuho Bank, Ltd., today announced the completion... Read more »

Trax Transforms Integration of CME Global Repository Services Into Insight Platform

Trax, a leader in providing of regulatory reporting, trade matching and capital market data services, has bolstered its strategic alliance with the CME by integrating the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel