Neonet’s EMS platform accesses UBS electronic trading suite
Stockholm, June 29, 2009 - Neonet, the global provider of agency brokerage services and trading technology, today announces that buy-side clients may now utilize Neonet’s advanced trading platform to access the UBS suite of trading strategies for equities execution. UBS is the most recent addition to Neonet’s EMS broker access offering.
Neonet’s Execution Management Systems (EMS) enables traders to effectively manage their trading. It gives the buy-side trader a consolidated view and improved work-flow by not having to switch between different systems. Buy-side clients will be able to utilize this technology platform to seamlessly access UBS algorithms and direct market access (DMA). Commenting on today's announcement, Tim Wildenberg, Head of UBS Direct Execution for EMEA, said: "We're delighted to join the Neonet family of electronic trading providers. This gives UBS clients in the Nordic region and all across Europe the ability to use Neonet's high quality EMS to access our suite of advanced algorithmic trading strategies and electronic trading tools." Per Andersson, Global Head of Sales at Neonet comments: “We are committed to offering buy-side firms advanced trading solutions to ensure they achieve optimal management of execution desk workflow. We continue our work in this area with the addition of UBS so that their buy-side clients have the opportunity to use Neonet’s technology platform. Neonet matches the growing demand for advanced low-latency trading, broad marketplace coverage whilst offering a short implementation time of the service.” Neonet discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.