Bank of America Becomes 22nd Bank on Neptune Fixed Income Network

Neptune, the Fixed Income network for real-time “axe” indications, announced the addition of Bank of America Merrill Lynch to its network. With BAML, Neptune now has 22 banks signed to participate on the network, with 19 live. The Neptune network provides a venue for investors to consume the high-quality bond axes/inventory data from their most trusted Bank counterparts.  This enables institutional investors to be more effective and targeted when looking to execute large size orders in products such as corporate and emerging market bonds. Bank of America Merrill Lynch will start providing their data to the network later in Q2, 2017.