Neptune Networks Partners with Genesis for Fixed Income Data Distribution

LONDON & MIAMI–(BUSINESS WIRE)–Neptune Networks Ltd., the fixed income pre-trade market utility, and Genesis Global, the low-code application development platform purpose-built for financial markets organizations, today announced than a new extended Neptune platform developed by Genesis Launch in early July.

The improved Neptune service will offer its 115 clients and brokers a new web interface and several new features, including: single-name CDS, support for emerging market bonds and improved market analysis, including ax biases . All previous services and features offered by Neptune will remain available on the new platform.

“Neptune’s introduction to Genesis technology enables us to provide the next generation service the fixed income market needs,” said John Robinson, CEO of Neptune Networks Ltd. and, in the future, Genesis allows us to update and upgrade our service with supreme speed. We have an exciting roadmap to deliver even more data, analytics, and personalization to our global community of buyers and sellers.

“The creation of the new Neptune service capitalizes on our fixed income expertise and the transformative power of our low-code platform,” said Stephen Murphy, CEO and co-founder of Genesis. “Our low-code architecture allows services like Neptune to easily add functionality, datasets and analytics. With its new platform in place, Neptune has an unparalleled ability to bring innovation to its community and to the marketplace.

Genesis began development of the new Neptune service in January and the companies believe it exemplifies the rapid, modern deployment approach that Genesis offers a sophisticated global platform for fixed income markets and other complex initiatives. “From start to finish in six months for a platform and community of this size, this is one of the fastest builds I’ve been on,” observed Gavin Collins, CTO at Neptune.

Genesis’ modular, low-code software design allows Neptune to introduce new capabilities and analytics much easier and faster. Rather than modifying traditional code, updating Neptune to provide new data or functionality simply requires adding modules or modifying modules already present in the system.

The new Neptune platform integrates with leading order management systems (OMS), execution management systems (EMS) and proprietary trading tools with a FIX API. Data can also be transmitted via SFTP and any user can access Neptune’s user-friendly interface.

About Neptune Networks

Neptune provides the highest quality bond pre-trade data (axes and inventory) from the sell side to the buy side via FIX. There are currently 31 banks on the platform. Neptune provides standardized, real-time data sourced directly from sell-side risk systems, rather than periodic runs or manual spreadsheets with their high probability of errors and low timeliness. Neptune data is delivered through several efficient workflow options, including directly to the OMS and/or EMS customer, or through a single API, delivering dealer data through a single connection.

The platform manages more than 100,000 positions per day, or approximately $600 billion of notional liquidity, in asset classes such as credit, rates and emerging markets. Neptune is used by 80 buy-side firms worldwide managing over $50 trillion in assets under management.

Neptune has grown steadily since its inception in mid-2016 and was highlighted in The Desk’s 2022 Trading Intentions Survey of Top Buying Clients as the most widely used independent pre-trade source .

About Genesis

Genesis provides freedom from legacy and replaces the buy-vs-build challenge with a buy-to-build solution. Purpose-built for financial markets organizations, the low-code Genesis platform powers application development with the speed, performance, and flexibility these organizations need to gain sustainable competitive advantage. With highly composable and customizable components, development teams can accelerate innovation today while scaling for tomorrow.

Whether extending the capabilities of legacy applications or building new applications or platforms, Genesis supercharges developers with reusable components, development tools, and documentation. Built with modern technologies and an event-driven architecture, the platform can meet the performance and scalability needs of the world’s leading financial market institutions.

Genesis has international offices in Miami, New York, Charlotte, London, Leeds, São Paulo and Dublin.

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