Neptune Networks’ head of sales steps into interim CEO role

Fixed income sales specialist takes the role of interim CEO at Neptune, following the exit of Grant Wilson.

Fixed income data platform, Neptune Networks, has named its head of sales as interim CEO, following the planned departure of Grant Wilson.

The fixed income axe indications network has been growing rapidly over the past few years, and now boasts 29 dealers on its platform.

Sales specialist Byron Cooper-Fogarty will take on the CEO role. Cooper-Fogarty previously operated at SIX Swiss Exchange and Thomson Reuters before joining Neptune in January 2017.

Wilson is leaving the firm to focus his attention on the continued expansion of advisory firm Etrading Software, where he remains a partner. 

Founded in 2016, Neptune Networks, formerly known as Project Neptune, provides a venue for investors to sift through bond axes and inventory data from bank counterparts and allows a more targeted approach to executing large size orders in fixed income. 

The platform currently has more than 50 buy-side firms using the service, with over $210 billion of gross notional and more than 60,000 axe/inventory items updated in real-time across 30,000 individual bonds daily.

NatWest Markets became the latest to join the bond dealer community of fixed income data provider in September.