RealQ is the new brand for Liquidnet Fixed Income, an institutional credit trading and data platform. It is designed to support targeted matching and controlled execution in complex credit markets, where size, structure and information sensitivity often require a more deliberate approach.

Following TP ICAP's acquisition of Neptune Networks in partnership with nine global banks in 2025, RealQ brings together Neptune's dealer data network with Liquidnet Fixed Income's execution capabilities and buy side workflows. By combining curated dealer axes and inventory with buy side trading signals surfaced through workflow integration, RealQ supports selective interaction between counterparties across a range of execution workflows.

Built on more than a decade of infrastructure and market relationships, RealQ serves over 500 buy side and sell side firms across North America and EMEA. The platform enables participants to engage trading interest through targeted matching and controlled execution, aligning interaction with trade size, market conditions and information sensitivity.