Provider of real-time bond market data, Neptune Networks, has deployed FlexTRADER EMS, a solution provided by the broker-neutral technology firm FlexTrade Systems, to distribute high quality, pre-trade data and assist investors with liquidity and price discovery within existing workflows.
Neptune network provides a venue for institutional investors to access sell-side pricing on the key bonds, making it easier for these investors to execute orders, prove best execution, minimise information leakage and comply with regulation.
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Neptune says it recognises the importance of FlexTrade’s solutions which will help the company expand existing strategies in order to best meet the challenges in the industry.
FlexTRADER is a customizable execution management system (EMS) with pre-defined trading strategies and tactics for portfolio and single stock trading across all asset classes. Global investment managers prefer the solution since the consolidation of equities, FX, listed options, futures, or any combination is essential on the same platform in order to ensure smooth functioning. The multi-asset execution management system can also be tailored for global access to broker algorithms, as well as the ability to build proprietary algorithms.
Matthew York, head of Fixed Income at FlexTrade commented: “Quality, targeted pre-trade indications are a key component to assist buy-side traders in implementing their desired execution policy. Using this information in pre-trade venue selection along with recording the available data throughout the order and execution lifecycle will aide dealers in fulfilling their best execution requirements. The standardised, commoditised delivery mechanism Neptune employs allows this to be integrated into FlexTRADER in an efficient and cost effective way.”
Grant Wilson, CEO of Neptune Networks Ltd added: “We are pleased to have our latest EMS connected to Neptune and we look forward to partnering with further providers in the coming weeks and months as we continue to expand access to the platform. Enhancing the flow of electronic pre-trade information has been a focus of market participants for many years. For Neptune to have achieved such a significant amount of aggregated liquidity from market leading institutions in a relatively short period is testament both to our core principles of standardisation and to the 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.”