The Amsterdam-based market maker and proprietary trading firm will, via Neptune, distribute axes on high yield and investment grade corporate credit along with emerging markets sovereign bonds. Neptune provides axes from 30 top global fixed income dealers to more than 80 buy-side firms, totalling $49.5 trillion in global AUM. The initial distribution will focus on 5,000 ISINs in Euro-denominated corporate credit and USD-denominated emerging markers sovereign bonds.
Neptune, due to growing buy-side demanded for high quality data, recently added Flow Traders to its community of bond dealers.
Ramon Baljé, head of fixed income EMEA at Flow Traders: “Flow Traders has been a longstanding supporter of this innovation and the transparency, cost reduction and efficiency gains it brings to the market. Therefore, we are delighted to become a sell-side contributor on the Neptune platform and provide axes and inventory data to their growing network of counterparties.”