Lloyds Bank joins Neptune Networks bond dealer community to distribute real-time bond data

July 19, 2023 - Neptune Networks Ltd. (Neptune), the fixed income network for disseminating real-time axe data, today announced the addition of Lloyds Bank to its bond dealer community. 

The addition of Lloyds Bank to the Neptune network serves to amplify the bank's specialty in distributing axes on GBP and EUR Investment Grade, High Yield corporate credit, and UK Gilts.  Lloyds will provide data to a network that comprises more than 90 buy-side firms managing $60 trillion in global AUM.

The collaboration represents a response to client demand, as noted by Neptune COO, Byron Cooper-Fogarty. "We are delighted to have Lloyds Bank join Neptune as the latest dealer to provide axes and inventory data to our buy-side community," Cooper-Fogarty said. "This has been a client-driven addition, as buy-side traders and portfolio managers continue to ask for high-quality data from specialist liquidity providers such as Lloyds Bank.”

The partnership aligns with Lloyds Bank's goal of promoting efficiency in the marketplace. "We are proud to play our role in making the market more efficient for all participants including our clients by sharing data and enhancing liquidity in UK markets,” said Boris Tadic, Head of Credit Sales & Trading at Lloyds Bank Corporate & Institutional Banking.

Overall, this partnership seeks to enhance liquidity in the UK markets and foster a more efficient environment for market participants, including Lloyds Bank's own clientele.