Neonet continues to expand its execution services client base by onboarding Prize Capital Markets

Newly established Oslo brokerage firm relies on Neonet for execution services to serve its institutional clients.

Stockholm, Sweden, November 6, 2012 – Neonet, the independent execution service provider, today announced an agreement with Prize Capital Markets, an Oslo-based brokerage firm, to deliver managed execution services for trading in primarily Nordic equities.

Prize Capital Markets is a newly established firm that provides institutions with research services that focuses mainly on the Nordic equities markets. When reviewing the need for exchange memberships and investment requirements in their in-house execution management technology, Prize made the strategic decision to outsource all functions outside their core research business, and chose Neonet as their main execution service provider.

“Outsourcing our execution services to Neonet offers substantial advantages over the alternative set-ups we considered, and it gives our institutional clients access to a broad range of markets,” says Jørn Kjørsvik, Head of Equities and Partner at Prize Capital Markets, and continues. “With Neonet’s Smart Order Router, our clients benefit from superior execution quality.”

Neonet’s internal and third-party reporting, combined with Neonet’s Smart Order Routing technology, allow Prize to get full control over both the cost and execution quality aspects across 40+ markets, including all major MTFs and primary exchanges in Europe and the Americas.

“In the current challenging times for the financial markets, Prize has set up a business model that even established brokerage firms should envy. Prize can focus all internal resources on adding value to the services to their clients, while outsourcing non-core services to Neonet,” says Andreas Parback, Sales Manager at Neonet. “We are very pleased to work with Prize and are inspired by their view of the brokerage industry.”

About Neonet
Neonet’s mission is to deliver a truly transparent and neutral execution service to banks and brokers with an optimized balance of quality and cost. The execution service includes advanced smart order routing, trading algorithms, a comprehensive execution management system and a trading and customer service desk operated by qualified execution specialists. Neonet does not engage in proprietary trading or any other financial activity that could result in a potential conflict of interest. Neonet serves clients in over 20 countries and is owned by Nordic Capital Fund VII.

For further information, visit www.neonet.com.

Media contact:
Joacim Wiklander, CEO, Neonet, Tel. +46 8 454 15 50
Jørn Kjørsvik, Head of Equities and Partner, Prize Capital Markets, Tel. +46 (0) 739 01 02 40
Sofia Widell, Marketing & PR, Neonet, Tel. +46 739 01 02 21

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About Us

Neonet offers professional market participants flexible, independent and transparent execution services based on advanced trading software solutions. Neonet’s services include a comprehensive execution management system, advanced trading algorithms, smart order routing, market data services and a trading desk operated by qualified execution specialists. Neonet does not engage in proprietary trading or any other financial activity that could result in a potential conflict of interest. Neonet serves clients in over 20 countries. Clients include banks, brokerage firms, institutional investors, hedge funds and asset managers. Neonet Securities is an Orc Group company. Orc Group is owned by Nordic Capital Fund VII. For more information, please visit: www.neonet.com