Handelsbanken Selects NeoNet XG for Institutional Direct Market Access Services
Handelsbanken Capital Markets, one of the largest Nordic investment banks, has signed an agreement with NeoNet for a full-service electronic direct market access trading solution. NeoNet will deliver the software service NeoNet XG and related back-office administration services.
NeoNet XG is a hosted system and software service for electronic securities trading. With the NeoNet XG service, NeoNet takes on responsibility for software, hardware, infrastructure, operation and surveillance. The platform fulfills regulatory requirements for Europe and the US.
Handelsbanken will use NeoNet XG for trading through their own memberships on the Nordic exchanges and through NeoNet’s memberships on other leading exchanges. Institutional clients can trade using the professional trading application, NeoNet Trader. The application will be adapted with other name, logo and colours as a white labeled product. Clients can also access the service via the industry standard FIX (Financial Information eXchange).
In addition to the software services, NeoNet will handle administration of back-office services forming a full-service solution for direct market access trading.
“Offering our institutional clients high-performance electronic direct market access to a large number of exchanges will be a key addition to our strong portfolio of investment bank services. Of most importance to us is finding the best solution for our clients and that is why we have chosen a cooperation with NeoNet, the most innovative player within direct market access solutions,” said Mikael Ericson, Head of Handelsbanken Capital Markets.
“It is satisfying and confirms the strength of our unique offering that Handelsbanken, through a pioneering approach, has created a powerful offering for their clients,” said Simon Nathanson, CEO of NeoNet. “We are seeing excellent potential and a growing interest for the NeoNet XG services from large investment banks and more niche banks and brokers alike.”
For further information, please contact:
Simon Nathanson
President and CEO of NeoNet
Tel. +46 8 454 15 51
simon.nathanson@neonet.biz