A new industry initiative aiming to improve liquidity in the fixed income market has gone live under the title Neptune, supported by 42 banks and investment firms.
Neptune is a not-for-profit iniatiative which looks to increase trading of corporate bonds, boosting liquidity in the fixed income market. The project is managed by Etrading Software and set up by a London-based standards body FIX Trading Community, Financial Times reports. It is an attempt to link up trading venues with differing computer languages to share information between dealers and firms, minimising the information overload caused by firms receiving thousands of inventories via email every day. The initiative was soft-launched in April and since then the number of users has...
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