We are delighted to see neptunes use of fix open standards for connectivity, data aggregation and workflow integration being leveraged by vendors to provide their clients with the high quality, marketwide, aggregated data the buyside is demanding. Sassan danesh, chief executive at etrading software, a consultancy that helps manage project neptune, explained promoting increased turnover in fixed income markets is now needed more than ever. Today, reading about the challenges faced by the credit market is a tale with recurrent themes of tightening regulatory controls, changing business models, market structure, and discussions about the increasing impact of electronic interaction in the marketplace. Mar 27, 2015 grant wilson, who was a director in credit etrading in europe at goldman sachs, is to join etrading software, the consultancy behind the trading initiative, on april 2. His focus then shifted to the buyside with a senior consulting role at etrading software, where he worked alongside large asset managers on the feasibility of project neptune, which was tasked with tackling liquidity issues in the fixed income markets. Aug 07, 2015 asset managers jump into bond market utility neptune project. Neptune networks ltd, the fixed income market network for pretrade indications in bonds, today announced the continuation of their strategic partnership with factentry, an independent provider of bond data. Apr 03, 2015 sassan danesh, chief executive at etrading software, a consultancy that helps manage project neptune, explained promoting increased turnover in fixed income markets is now needed more than ever. Liquidity and cost of connectivity are often highlighted as one of the main issues preventing the widespread adoption of new alltoall trading facilities. Pretrade fixed income utility neptune goes live finextra.
Etrading software is a high intensity workplace delivering regulatory and functional infrastructure solutions to the derivative and primary markets. Latest etrading software articles on risk management, derivatives and complex finance. This first phase was completed in january, pretty much on schedule, with common messaging code now agreed. One of the huge attractions of neptune is the underpinning technology. Selected from industry standard, stateoftheart technical components, weve created a costeffective, fungible stack. Neptune provides a data connectivity network, supplying the highest quality bond pretrade data axes and inventory from the sellside to the buyside via fix workflows. Neptune will continue to work with etrading software as technology a provider. Neptune sponsors set up company to run the open standard utility. With increasing numbers of securities and realtime axe indications and additional sellside banks joining the network, this growth is set to continue. Neptune is managed by etrading software and is supported by financial institutions like goldman sachs and morgan stanley. Neptune networks platform solution based on fix edge. Grant wilson, neptune networks ltd ceo, will step down by december 2019.
Jp morgan, goldman sachs and credit suisse join neptune. Technology consultancy etrading software is managing neptune s soft launch. Technology consultancy etrading software is managing neptunes soft launch. Epam has contributed in neptune project in the following way. Banks unite in project neptune to boost bond trading bloomberg. Initially, project neptune is focusing on the credit markets only, and its buyside focus is in europe. Project neptune was launched in august 2015 with the aim of introducing standardized axe and inventory information sharing to fixedincome markets, backed by a heavyweight roster of 42 buyside and sellside firms, including goldman sachs, ubs, jp morgan, bnp paribas and bank of.
Grant wilson, managing partner at etrading software and veteran of neptune has been named interim chief executive officer of neptune. Neptune launches bond market data composite with cme group. Project neptune is designed to allow traders to advertise bonds without revealing buyers and sellers, according to danesh. Grant wilson managing partner etrading software ltd linkedin. Project neptune, an open standards network utility for pretrade. Those people who have been looking for the best option to grow money quickly, safely and of course legally have found in etradesoft the best opportunity to meet their goals. Neptune networks platform solution based on fix edge b2bits. Project neptune is an initiative married to the standardisation ethos. Jan 25, 2016 launched in august 2015, the bond industry and notforprofit initiative looks at ways to link up the disparate market to boost liquidity in the market. This success is due to the tremendous support from banks and asset managers for the core principles of project neptune to collaborate together to create an open standard, technologybased, nonprofit utility that is execution venue agnostic, added grant wilson, partner, etrading software, in an accompanying statement. Project neptune will be transitioning onto a fully hardened production environment later this year, where further connectivity to other omss is expected to be added. Project neptune aims to help firms access liquidity in fixed income. Will started working for etrading software ltd in january 2016 to oversee the transition from neptunes pilot environment to the full production system in july 2016. Etrading software, the uk company managing the network, said on friday it had been in a.
Up to 40 buysiders to join project neptune the trade. It is positioned in the vanguard of a 3rd wave of capital markets trading transformation that sees the advent of open, flexible and seamless integrated digital multiasset trading solutions. Grant wilson, a partner at etrading software, the company behind the initiative, says the collaboration will create an open standard, technologybased, nonprofit utility. Neptune news factentry and neptune networks announce expansion of strategic partnership. Selected from industry standard, stateoftheart technical components, we.
Neptune project gets the support of citi, deutsche bank ftf. Neptune chief executive to depart by end of year the trade. Sassan danesh, managing partner at etrading software and cochair of the global fixed income subcommittee of the fix trading community, has been working on a project which demonstrates the opportunities and challenges of the fix protocols expansion. Neptune was developed via the open fix standard to minimise connectivity costs and create greater transparency of trading interests for all market participants. Will started working for etrading software ltd in january 2016 to oversee the. This success is due to the tremendous support from banks and asset managers for the core principles of project neptune to. We are pleased that the implementation phase is moving along successfully and the exchange of pretrade indications between the neptune participants has started. The collaborative effort project neptune makes further progress. Home about about us collaborate consultancy senior team projects neptune anna dsb upi news news home ets news articles ets press. If market makers are able to turn over inventory more frequently, deal activity will help mitigate any stifling of the capital market. The neptune network offers a venue for dealers to share information with investors on the bonds that may be bought or sold, making it easier for investors to execute bond transactions, neptune officials say. Etrading software commissioned by the banks backing the project to draw. Etrading software is an it services firm based in london focused on serving the needs of the global capital markets community.
Data and analytics are becoming increasingly important to neptune networks, the. Etrading software limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. Using their expertise in etrading processes, the partners and their senior team developed strategies for existing and new participants in the etrading marketplace and implemented key projects to take these clients live. Neptune, today announced a strategic collaboration that will provide. As experts in etrading processes, the partners and their.
Oct 06, 2014 the 12 lenders and 16 european money managers are working with etrading software ltd. By providing your contact information and clicking start now, you authorize neptune software to store your contact details and contact you via email or phone with information about neptune software products, events, and other relevant product updates. Will started working for etrading software ltd in january 2016 to oversee the transition from neptune s pilot environment to the full production system in july 2016. Neptune is an initiative by etrading software to create a standard, agreed language and series of flags around pretrade messaging for bond trades and axes so as to ease connectivity between all market participants. Neptune initiative on track for second phase euromoney. Neptune networks head of sales steps into interim ceo. Nov 25, 2014 neptune bids to fix liquidity shortage in bond trading. He is also currently responsible for building the processes for and managing neptunes support and development teams in europe and asia. Neptune networks ltd is a consortium of worldknown banks, managed by etrading software ltd epam client. Oct 10, 2014 bond network neptune faces large hurdles.
Neptune collaboration to enhance standardization, liquidity. Today, reading about the challenges faced by the credit market is a tale with recurrent themes of tightening regulatory. Grant wilson, partner, etrading software commissioned by the banks backing the project to draw up the blueprint says. Grant wilson, ceo of neptune and managing partner of etrading software ltd, discusses the ongoing expansion of the neptune network.
Etrading software is a capital markets it consultancy that understands the business of electronic trading. Exgoldman etrading specialist heads to project neptune. Wilson is leaving the firm to focus his attention on the continued expansion of advisory firm etrading software, where he remains a partner. Aug 07, 2015 grant wilson, partner, etrading software commissioned by the banks backing the project to draw up the blueprint says. Nov 11, 2016 the neptune network offers a venue for dealers to share information with investors on the bonds that may be bought or sold, making it easier for investors to execute bond transactions, neptune officials say. By sassan danesh, managing partner, etrading software. A former etrading specialist focused on the credit markets at goldman sachs in london is joining the consultancy behind project neptune, a trading initiative aimed at tackling a liquidity drought in the fixed income markets that has backing from the buyside and sellside. Once the vendor assessment is complete, 28th july 2016. Charles river development, a state street company, and neptune networks ltd.
The product is live on bonds that fit the liquidity and pricing to create the composite, and is accessible via the neptune interface. Asset managers jump into bond market utility neptune project. The socalled neptune project envisions a kind of virtual mall where buyers, sellers and even bond trading platforms can gather to. Founded in 2016, neptune networks, formerly known as project neptune, provides a venue for investors to sift through bond axes and inventory data from bank counterparts and allows a more targeted approach. Project neptune was launched in august 2015 with the aim of introducing standardized axe and inventory information sharing to fixedincome markets, backed by a heavyweight roster of 42 buyside and sellside firms, including goldman sachs, ubs, jp morgan, bnp paribas and bank of america merrill lynch. More recently, abdullah was working with deutsche wealth management on project sparta to. Project neptune, the fixed income trading initiative between a group of 42 large banks and asset managers, has gone live with its pilot production network, bringing the project closer to. Etrading software was founded in 2005 with the goal of bringing efficiency and stability to the burgeoning electronic trading markets. This includes a rich library of documentation on our community site, roundtheclock technical support, and tailored development support based on unique business needs. Jun 10, 2019 neptune will continue to work with etrading software as technology a provider. May 04, 2015 by sassan danesh, managing partner, etrading software. Project neptune launches trading initiative pilot ibs. Grant wilson, a senior credittrading executive at goldman sachs group inc. Etrading software, the uk company managing the network, said on friday it had been in a soft launch stage since april and the.
Grant wilson leaves goldman sachs for etrading software wsj. The neptune project was started by londonbased etrading software and more than 40 banks and asset managers in 2014, officials say. Neptune bids to fix liquidity shortage in bond trading. It is positioned in the vanguard of a 3rd wave of capital markets trading transformation that sees the advent of open, flexible and seamless integrated digital. The bond market is changing, which is why these solutions are being.
Dwayne middleton is head of us fixed income trading at morgan stanley. Neptune networks expands in data and analytics markets media. Grant wilson is managing partner at etrading software, the independent, global provider of technologyled solutions designed to assist financial institutions and industry initiatives to address the highly complex and constantly evolving market and regulatory challenges. After 3 very successful years grant wilson has decided to leave neptune to focus his attention on the continued expansion of etrading software where he remains a partner. Your privacy is important to us and you can optout at any time.
Dec 21, 2015 we are proud of the technology we contributed and we are working on scaling neptune to address growing demand to ensure success of the venture. A key part of the neptune project is the development of new message standards for sharing. The group has been pushing to add market participants to this network utility. Neptune sees production pilot go live, grants pretrade. Neptune, the open standards network for pretrade indications in bond markets, has set up a new company, neptune networks ltd, to run the utility. Project neptune is an attempt to unify what could become a fragmented market through all these individual initiatives by taking a totally different stance, sassan danesh, managing partner at etrading software, told markets media. Collaborating with cme group allows neptune to bring a composite based on high quality data to the market, helping firms with rising costs. Neptune looking back and looking forward etrading software. We are pleased that the implementation phase is moving along successfully and the exchange of pretrade indications between the neptune participants has started, said grant wilson, partner at capital markets it consultancy etrading software, which is advising project neptune. Operational delivery project management client relationship building customer.
Aug 07, 2015 formulated by etrading software and a group of banks and asset managers in 2014, neptune has continued to garner industry momentum as market participants see the benefits of collaboration within this network utility. The project is now focused on finding the right vendors to deliver the solution. He is also currently responsible for building the processes for and managing neptune s support and development teams in europe and asia. However, danesh at etrading software believes that the project has the potential to broaden its scope, both in terms of asset classes and in terms of geography. All content is posted anonymously by employees working at etrading software. As experts in etrading processes, the partners and their senior team have a track record of implementing key projects and strategies for existing and new. Thepanys customer service, 0 minimum balance requirement and large selection ofmissionfree exchangetraded funds and notransaction fee mutual funds make it a strong candidate for ira account holders and beginner investors, but seasoned traders also gravitate firex thepany because of its premium trading platforms.
He will focus on neptune and other projects, according to people familiar with the matter. Neptune continues expansion with integration into fidessas. Neptune, today announced a strategic collaboration that will provide buyside clients of charles rivers order and execution management system oems with aggregated, realtime fixed read more. May 26, 2016 sassan danesh, partner, etrading software, said. Grant wilson managing partner etrading software ltd. Sponsored by institutions from both sides of the market, the projects first phase in q4 last year was focused on developing open standards, using the fix protocol, to support the. Our offices are in london, uk our hq and in manila, philippines our global operations centre. Neptune software gives you access to all levels of support. Neptune sponsors set up company to run the open standard. Neptune project gets the support of citi, deutsche bank. Etrading software is a trusted and independent professional services firm, assisting industry to simplify the market structure and improve operational efficiency through the creation and propagation of new technology standards and services.