Global Corporate Bond Composite

Access a higher quality representation of the market with the new corporate bond product from CME Group and Neptune.

CME Group and Neptune have worked collaboratively to create a product, calculated from a combination of AXE/INV positions and two-way streams to meet your data needs. Data has been sourced from many providers to form an invaluable and reliable composite product.

Key Features

Saves time, cost and requirement to calculate yourself

Access to 30,000 global corporate bonds

Quotes contributed directly from dealers

Combination of AXE/INV positions and two-way streams

Product information

You can receive composite prices and liquidity scores which will be published every five minutes during the trading day. The bond coverage spans across approximately 30,000 global bonds daily.

The metrics used for the liquidity scores will consist of number of contributors, bid/ask spread and average quoted size.

The liquidity score will range from 0 to 10, where 10 indicates the highest level of liquidity. Yield and spread to be published in Q4 2019.

The frequency of data will disseminate per five-minute basis: Monday – Friday, 7:00 a.m.– 10:00 p.m. London Time. Data will be delivered via CME Group real-time delivery channel (API) in JSON format.

About Neptune

Neptune Networks deliver high-quality bond market data from sell-side banks to buy-side clients. Their technology enables real-time connectivity between banks and investors which leads to meaningful conversations, satisfying the immediate requirements of each party and ultimately, increasing trade volumes. Neptune are uniquely positioned in the marketplace due to bilateral commitment from buy-side and sell-side, including representatives of each sitting on its board. The pricing service is powered by the Neptune platform which currently holds:

  • 30,000 Bonds Daily
  • 55,000 AXE/INV Items Daily
  • 210B Daily Gross Notional
  • 24 Currencies Supported

Contact Us

For more information, contact or the below telephone numbers:


+1 212 704 5470


+65 6831 0991

Hong Kong

+85 2 2878 6068


+44 (0) 20 7818 9911