Fixed income axe provision platform, Neptune Networks, has added Lloyds Bank Corporate & Institutional Banking to its bond dealer community.
Following the addition, Lloyds Bank will distribute axes of GBP and EUR investment grade and high yield corporate credit as well as UK gilt through Neptune.
Neptune Networks delivers axes from 32 dealers in global fixed income to more than 90 buy-side firms (managing $60 trillion in global assets under management).
“We are delighted to have Lloyds Bank join Neptune as the latest dealer to provide axes and inventory data to our buy-side community,” said Byron Cooper-Fogarty, chief operating officer at Neptune.
“This has been a client driven addition, as buy-side traders and portfolio managers continue to ask for high quality data from specialist liquidity providers such as Lloyds Bank.”
The addition of Lloyds Bank follows that of Mizuho EMEA, which joined Neptune network as an axe dealer for bonds last month.
“We are proud to play our role in making the market more efficient for all participants including our clients by sharing data and enhancing liquidity in UK markets,” said Boris Tadic, head of credit sales and trading at Lloyds Bank Corporate & Institutional Banking.