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Neptune and CME Group provide composite for global bond market

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

This latest addition to Neptune, 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. Due to Neptune’s distribution channel, the company says the data received is of a superior level, creating a higher quality composite. This is a milestone for CME Group’s market data business, emphasising value, accessibility and market transparency.

“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 $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,” said Grant Wilson, Neptune's CEO.

“Our customers are increasingly asking us to deliver data beyond our core markets through CME Group infrastructure to make information access faster and at a lower cost than a bespoke approach,” said Adam Honoré, head of Data Products at CME Group, “We are excited to work with Neptune Networks to deliver a corporate bond composite without the overhead of additional subscriptions or fees.”

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. 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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