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Neonet's Algorithmic Trading Suite Now Available On Third Party Trading Systems

Date 23/06/2008

  • Neonet's algorithms already live on Fidessa LatentZero, InfoReach and Tbricks Genesis
  • Neonet's algorithms developed exclusively in-house to leverage the Neonet DMA platform

Neonet, the global provider of neutral, direct market access (DMA) brokerage services and trading systems, today announced that it has integrated its suite of trading algorithms with leading trading systems Fidessa LatentZero, InfoReach and Tbricks Genesis. All systems are live, offering users the advanced execution capabilities of Neonet's algorithms.

Neonet's algorithms are developed entirely in-house to fully leverage Neonet's low latency market access. Where previously these algorithms could only be accessed via Neonet's own trading platform, they are now accessible by these third party systems. "Making our trading algorithms available via third parties is in line with our strong commitment to provide our clients with leading trading capabilities. We see a strong interest in using our advanced functionality as the trading pattern and landscape is changing rapidly," comments Simon Nathanson, CEO of Neonet.

"By cooperating with these popular platforms, we are bringing our services to an even wider audience. This offers the users of these systems the flexibility to access our suite of electronic products without the need for a separate FIX integration. Ultimately, this is about choice for our clients, and we will continue to bring our services to additional trading systems" concludes Nathanson.

ABOUT NEONET
Neonet is a global agency brokerage firm and technology provider, offering professional market participants neutral, high speed brokerage services and advanced trading software solutions. NeoNet's in-house developed platform offers connectivity to the world's leading market places globally across the key regions of North America, Europe, Asia and Australia. Neonet's cutting-edge technology solutions, Neonet XG, include an integrated product suite. It features high speed market connections, a comprehensive execution management system, market data services and advanced trading tools. Neonet is listed on the OMX Nordic Exchange in Stockholm and has clients in over 20 countries globally. For more information, please visit: www.neonet.com