Neptune integrates FlexTrade’s EMS platform for buy-side

Fixed income network integrates FlexTrade’s EMS to improve liquidity and price discovery.

Neptune Networks has completed its connectivity to FlexTrade’s buy-side execution management system (EMS) to distribute pre-trade data for liquidity and price discovery.

FlexTrade’s EMS is the latest to connect to the fixed income market network, which aims to minimise unintended information leakage.

The network allows buy-side firms to connect to the sell-side via a combination of Neptune itself, proprietary OMS/EMS or OMS/EMS providers like FlexTrade.

Grant Wilson, CEO at Neptune Networks, explained other vendors are expected to join the network as the firm moves forward with expansion plans.

“Enhancing the flow of electronic pre-trade information has been a focus of market participants for many years,” he said.

Wilson added Neptune has seen “tremendous support we have had from banks and asset managers who have collaborated closely with us and each other, to create an open standard, technology-based, non-profit utility.”

Byron Cooper-Fogarty, head of sales at Neptune Networks, added FlexTrade’s connection will provide “the ability to consume an aggregated feed of the highest quality bond axes, which in turn allows them to be more targeted in their enquiries for large size bond execution.”

Cooper- Fogarty recently joined Neptune Networks to target US expansion and develop buy- and sell-side relationships.

He joined Neptune from SIX Swiss Exchange, where he worked over the past year as head of fixed income electronic trading sales.

Neptune now has 22 dealers signed up to its platform and more than 20,000 axe/inventory items updating real tie across 11,000 bonds.