8 November 2017
EPAM Helps Neptune Exceed Growth Expectations
EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of
digital platform engineering and software development services, and
its client, Neptune, an open standards network utility for the
fixed income market developed by EPAM, are celebrating more than
two successful years on the market.
The first utility of its type in Europe, Neptune launched in
August 2015 with a limited set of buy-side and sell-side sponsors
using the network. Today, the network has 25 leading banks in its
consortium and carries over 30,000 different securities with over
$170 billion in gross notional across 20 different currencies.
"When we were first approached by Neptune, we didn't know how
fast it was going to grow in just two years. By leveraging our
domain knowledge in financial services, software engineering
heritage and big data expertise, EPAM was able to provide the
technology backbone that allowed Neptune to scale and expand
substantially," said Mark Bisker, Senior VP of Banking and
Financial Solutions, EPAM. "We look forward to partnering and
collaborating with Neptune in the future to drive even greater
growth, develop new features and enhance innovation."
Neptune uses a FIX standard for pre-trade information flows,
allowing banks and investors to exchange controlled and targeted
real-time axe and inventory data. Asset managers using the system
connect directly to the utility via a GUI, their own in-house
developed OMS, or an external OMS provider to receive pre-trade
indications from multiple banks.
Grant Wilson, CEO of Neptune Networks, commented, "We embarked
on the creation of Neptune with the objective of creating a
platform that had the capability to not only meet our immediate
plans, but to give us the capacity to grow and develop. Through
their expertise, our trusted EPAM team delivered this technology,
which will help us as we continue to expand our business."
To learn more about Nepture project and B2BITS technologies and
tools used, please visit
this page. For more information about Neptune, please
visit www.neptunefi.com.
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