Neonet selected as Execution Service Provider by Öhman Securities Finland
Focus on execution quality and proven local expertise key aspects for decision to go with Neonet’s ESP offering.
Stockholm, Sweden, February 9, 2012 – Neonet, the independent execution services provider, today announced that E. Öhman J:or Securities Finland Ltd has entered an Execution Service Provider agreement to support its trading operations. The deal was booked in Q4 2011.
The Neonet ESP solution allows Öhman Securities Finland to trade in their own membership on the firm’s primary market, and in Neonet’s name on all secondary markets where Finnish stocks are traded and at the same time lower their operational cost. Öhman securities clients will benefit from improved execution quality as a result of Smart Order Routing technology, alternative market access, and strict quality control.
“As a broker in the current financial markets with intense competition, we are constantly seeking outside the box solutions to stay competitive,” said Vesa Tyrisevä, Partner, Öhman Securities Finland. “Neonet’s flexible offer allows us to maintain membership at our primary market, while we also get access to Neonet’s quality execution and broad connectivity to secondary markets, a solution that perfectly suits our current needs.”
“We are very happy to see that Neonet’s services for the sell-side are gaining market approval, and it is rewarding that we are Öhman’s first choice,” said Carl Johan Wallin, Global Head of Sales, Neonet. “By offering both execution quality and operational simplicity, Neonet facilitates growth opportunities for clients like Öhman Securities.”
About Öhman Securities Finland
E. Öhman J:or Securities Finland Ltd. is a subsidiary company of E. Öhman J:or AB, which is owned by the families of Ulf and Claes Dinkelspiel. E. Öhman J:or AB has long traditions and a strong position in Swedish financial markets. It was established in 1906. Öhman Securities Finland provides Finnish and foreign institutions with high-quality financial products and services related to trade in Nordic stock markets. The company is under supervision by Finnish FSA, Financial Supervisory Authority.
About Neonet
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 publicly traded on Nasdaq OMX Stockholm (SSE:ORC).
For further information, visit www.neonet.com.
Media contacts:
Neonet: Joacim Wiklander, CEO, +46 (0) 739 01 02 40
Öhman: Vesa Tyrisevä, Partner, +358 9 8866 6030
Orc Group: Christine Blinke, VP Marketing and Investor relations, Tel. +46 (0) 739 01 02 01
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