Neptune and CME Group provide composite data for global bond market
August 20, 2019

Neptune Networks has announced the release of a composite date product, working in collaboration with CME Group, to provide clients access to a higher quality representation of the market.

Neptune says this latest addition, a consortium of sell-side banks that provide bond market data to buy-side clients, has been sourced from data calculated from a combination of AXE/INV positions and two-way streams.

It adds that due to its trusted distribution channel, the data received is of a superior level, creating a higher quality composite. It says this is a new milestone for CME Group's market data business, emphasizing value, accessibility and market transparency.

Said Grant Wilson, CEO: "The finance industry is quickly adapting to a new world of data. Evolving demand resulting in global spending on financial market data and analysis hitting record industry growth of US$30.5 billion. Collaborating with CME Group allows Neptune to bring a composite based on high quality data to the market, helping firms with rising costs."

The product is available via the Neptune user interface and live on any bond that fits the liquidity and pricing to create the composite. This will extend as further data and asset classes are added to the network, it adds. Data contributors receive the composite for free, on a give to get relationship. Customers can also receive this product via a direct feed from the CME.





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Neptune Networks has announced the release of a composite date product, working in collaboration with CME Group, to provide clients access to a higher quality representation of the market.

Neptune says this latest addition, a consortium of sell-side banks that provide bond market data to buy-side clients, has been sourced from data calculated from a combination of AXE/INV positions and two-way streams.

It adds that due to its trusted distribution channel, the data received is of a superior level, creating a higher quality composite. It says this is a new milestone for CME Group's market data business, emphasizing value, accessibility and market transparency.

Said Grant Wilson, CEO: "The finance industry is quickly adapting to a new world of data. Evolving demand resulting in global spending on financial market data and analysis hitting record industry growth of US$30.5 billion. Collaborating with CME Group allows Neptune to bring a composite based on high quality data to the market, helping firms with rising costs."

The product is available via the Neptune user interface and live on any bond that fits the liquidity and pricing to create the composite. This will extend as further data and asset classes are added to the network, it adds. Data contributors receive the composite for free, on a give to get relationship. Customers can also receive this product via a direct feed from the CME.



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