Mizuho EMEA has joined the bond dealer community on fixed income data platform, Neptune Networks.
Following its addition, the bank will distribute axes for investment grade and high yield corporate credit.
Guy Cornelius, head of institutional sales at Mizuho EMEA highlighted that the move will work to make the market more efficient for all participants “by sharing data and enhancing liquidity in global markets.”
Neptune Networks disseminates real-time axe data, delivering axes from 32 dealers in global fixed income to more than 90 buy-side firms (managing $60 trillion in global assets under management) via FIX.
Through its offering, Neptune’s data can be delivered via a range of workflows, including: direct to order management systems, execution management systems or via API.
Byron Cooper-Fogarty, chief operating officer at Neptune, said: “We are delighted to have Mizuho join Neptune as the latest dealer to provide axes and inventory data to our buy-side community. This has been a client driven addition, as buy-side traders and portfolio managers continue to ask for high quality data from liquidity providers such as Mizuho.”