Neonet launches next generation of Smart Order Router - SOR Sharp
Stockholm, Sweden, December 20, 2012 - Neonet, the independent execution service provider, today presented its new SOR offering, SOR Sharp.
A Smart Order Router is now an essential offering for clients to navigate the increasingly fragmented European stock markets. Neonet is pleased to announce the release of its next generation of Smart Order Routing technologies which enables its client base to route orders to 40 European market venues both efficiently and cost effectively. This comprehensive service offering permits access to both lit and non-lit trading venues, ensuring a minimization of market impact and ultimately best execution for the end customer.
“With over 40% of equity trading now occurring away from traditional stock exchanges we have continued to invest in this important functionality to provide easy and cost effective access to all major sources of liquidity” says Jan Jonsson, Head of Product Management at Neonet. He adds, “Given the current market volumes and the associated desire by all firms to reduce fixed expenditure, we see this offering as a core part of our product suite for the dealing community.”
This offering is available to any client using the FIX protocol on a wide variety of platforms including Bloomberg, Fidessa and our own Neonet Trader.
About Neonet Securities
Neonet’s mission is to deliver a truly transparent and independent execution service to the trading community, 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
Louise Fredholm Allansson, Marketing & PR, Neonet, Tel. +46 708 30 36 35
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