Neptune Networks has announced that it is launching a newly expanded platform in early July. The new platform, developed by Genesis Global, has been built on a low-cost platform and will offer an enhanced bond market.
The new service will provide its 115 dealers and clients with a new web interface as well as several new features. These will include improved market analysis, support for emerging market bonds, and a single-name CDS. All previous functionality and services provided by Neptune will also be available on the new platform.
The New Platform To Provide Next-Generation Service
Chief Executive Officer of Neptune Networks Ltd, John Robinson, commented on the development. “Bringing Neptune onto Genesis technology enables us to provide the next-generation service the fixed income market requires,” he said.
Robinson added that the integration of more features like single-name CDS will be very useful for its clients and dealers. The partnership with Genesis will also enable the company to update its service to offer more improved services at a lightning speed.
He added that the company’s roadmap is to offer more analytics, data, and customization to its global buy and sell-side community.
Co-founder and Chief Executive Officer of Genesis, Stephen Murphy, while commenting on the development, stated that the company’s low-cost system makes it very easy for services such as Neptune to integrate effectively. The service can easily add datasets, analytics, as well as more features.
The New Platform Will Also Bring More Innovation
With the integration of its services into the new platform, Neptune will have high capabilities to bring more innovation to the community and the entire market.
Genesis started the development of the new Neptune service in January this year. The modular low-cost software design by the company provides a faster and easier way for Neptune to introduce its new service. It takes away the complexity of updating Neptune to provide functionality or data. It simply needs amending modules or adding modules already in the system place.
Chief Technology Officer of Neptune, Gavin Collins, stated that it took Genesis only six months to develop the system. This shows the modern approach the company has deployed to provide a global fixed-income markets platform.