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

Neptune delivers the highest quality axes from 32 of the leading dealers in global fixed income to over 90 buy-side firms managing $60 trillion in global assets under management (AUM).

Lloyds Bank will specialise in distributing axes on GBP and EUR investment grade and high-yield corporate credit, as well as UK Gilts via Neptune.

Commenting on Lloyds Bank joining the network, Byron Cooper-Fogarty, COO of Neptune, said: “We are delighted to have Lloyds Bank 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 specialist liquidity providers, such as Lloyds Bank.”

Boris Tadic, head of credit sales and trading of corporate and institutional banking at Lloyds Bank, said: “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.”

Re-disseminated by The Asian Banker