Neptune network continues to grow

Neptune, the open standards network utility for pre-trade indications in bond markets, has completed connectivity to Fidessa’s buy-side OMS (order management system) platform.

The Neptune network helps asset managers connect to the sell-side via any combination of the Neptune GUI, their own in-house developed OMS or an external OMS provider such as Fidessa. The flexibility of connectivity options means they will be receiving pre-trade indications from multiple banks in real time through a single connection that can be integrated into their own in-house workflows.

Grant Wilson, partner, Etrading Software, said: “We are pleased to have our first external OMS 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 this in a relatively short period of time is testament both to our core principles of standardisation and also to the tremendous support we have had from banks and asset managers who have collaborated closely with us and each other, in order to create an open standard, technology-based, non-profit utility.”