One of the four major Swedish banks upgrades partnership with Neonet
Leading Swedish bank selects Neonet based on attractive technical platform and pricing model.
Stockholm, Sweden, December 12, 2012 – Neonet, the independent execution service provider, today announced an execution service agreement with one of the major banks in Sweden, a leading full-service bank for retail and corporate customers.
When this already longstanding Neonet client was introduced to Neonet’s new Cost+ model, they found a set-up that was well matched with their requirements for a cutting-edge technical platform combined with a transparent cost model. Together with Neonet’s internal and third-party reporting, Smart Order Routing technology, and access to over 40 markets including all major MTFs and primaries in Europe and the Americas, this customer gains full control over the cost versus quality aspect.
“We are very pleased that one of the major Swedish banks has entered into an execution service partnership with Neonet.” says Andreas Parback, Sales Manager at Neonet. He continues; “This confirms our belief that we have a very attractive execution service offering that is a good fit for both small and large companies, and we look forward to seeing this bank benefit from our superior execution quality and fully transparent fee model.”
About Neonet
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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