Axe data use cases evolve in a push for fixed-income electronification

Byron Cooper-Fogarty, chief operating officer at Neptune Networks, discusses the growing use of axe data in varying buy-side workflows and its role in accelerating the electronification of fixed-income markets. He looks at the evolving use cases for axe data not only on the execution desk but also for portfolio construction and management.

“What we have seen, particularly during Covid and post-Covid, is that increasingly portfolio managers are using axes to create portfolios to ensure that they create orders for the trading desk where they can actually express their investment views,” Cooper-Fogarty says.