Neonet selected as execution service provider by Banca Generali

Neonet’s flexible SOR delivered as a managed service enables Banca Generali to extend market access to MTFs while retaining primary exchange membership.

Stockholm, Sweden, March 6, 2012 – Neonet, the independent execution services provider, today announced that Banca Generali, an Italy-based banking group, has selected Neonet as its provider of best execution services for Italian equities. The service delivered by Neonet allows Banca Generali to trade on the domestic market through its own membership, integrated with Neonet’s Smart Order Router (SOR), algorithms and connectivity, extending access to European Multilateral Trading Facilities (MTFs) and, if selected, exchange sponsored dark pools. The order was booked in Q4 2011.

Banca Generali was looking for a Smart Order Routing solution to trade on both the Italian MTA exchange, its primary execution venue, and on MTFs, thus ensuring Best Execution and MiFID compliance for its orders. The Neonet solution enables Banca Generali to continue trading in the domestic market through its own membership, offering full integration with their existing front-end and Order Management Systems.

“We are pleased to see that Banca Generali recognizes Neonet’s abilities to deliver a service that seamlessly combines brokerage and technology, while allowing them to retain control of key trading parameters,” said Joacim Wiklander, CEO of Neonet Securities AB. “Banca Generali’s decision to expand execution beyond its primary market is significant, as it clearly displays the emergence of a new European trading landscape where Smart Order Routing is becoming a prerequisite not only for compliance, but also for competitiveness and client satisfaction.”

“We identified a requirement to offer clients a comprehensive brokerage service that includes access to all sources of liquidity for Italian equities,” said Carlo Talpo, Head of Trading at Banca Generali. “Neonet enables us to outsource SOR development and operations, while protecting our present technology investments and allowing us to maintain our membership and market share on the domestic exchange.”

About Orc Group
Orc Group is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions that are used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses.

The Orc Group serves customers through three business units, each with distinctive offerings:

  • Orc develops and provides the tools needed to run profitable trading and brokerage businesses.
  • Neonet offers professional market participants flexible, independent and transparent execution services.
  • CameronTec is the financial industry leader in FIX infrastructure and connectivity solutions.

With market presence in all major global financial centers, Orc provides sales and support services from its offices across the EMEA, Americas and Asia-Pacific regions.

Orc Group is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).

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Media contacts:
Neonet: Joacim Wiklander, CEO, Tel. +46 (0) 8 506 47 835
Orc Group: Christine Blinke, VP Marketing and Investor relations, Tel. +46 (0) 739 01 02 01




About Us

Orc is the global market leader in trading technology for listed derivatives. Building on our commitment to long term partnerships and technology innovation that delivers results, Orc serves the trading and electronic execution needs of clients worldwide. Leading trading firms, market makers, banks and brokers depend on Orc to provide robust solutions that deliver concrete value, ensuring that they achieve their business goals in the world's increasingly dynamic and competitive markets. With nearly 200 customer sites in more than 30 countries, access to over 150 trading venues and offices in each of the world's key financial centers, we offer true global capabilities. Combining our technology and financial industry expertise, including a solid understanding of regulatory issues, Orc also provides expert advice and services that help reduce complexity and cost, while enabling clients to stay focused on value creation in their core businesses. Orc is owned by Orc Group Holding AB which in turn is owned mainly by Nordic Capital Fund VII.

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