Neonet introduces tailored execution services, addressing urgent sell-side needs in a turbulent environment

New generation of managed services help sell-side firms address the challenging and complex trading landscape, client demands and regulatory pressure.

Stockholm, Sweden, September 14, 2011 – Neonet, the independent global equity execution services provider, today announced a new service tailored for banks and brokers. The service includes a cost-effective trading environment addressing the increasingly complex trading venue landscape and offers a suite of tailored solutions that cater to the sell-side community.

The offering represents a marriage of traditional execution services such as global market access with sophisticated MiFID compliant trading technology, algorithms, a configurable Smart Order Router (SOR) and a full service trading desk. This is delivered in a fully transparent service where execution fees are based on a cost+ pricing structure. This helps avoid potential conflicts of interest (e.g. execution style, preferred execution venue and clearing location) while providing capabilities and benefits equivalent to having one’s own exchange membership/s and in-house trading technology.

Joacim Wiklander, Neonet’s CEO, commented: “By partnering with Neonet, clients will receive top execution quality while realizing cost savings in trading fees, clearing, settlement, technology and overhead. Clients can shift more focus to growing and maintaining their core businesses and working on new initiatives. We are opening up our extensive trading infrastructure, technology and fees for others to benefit from our economies of scale and extensive experience.”

The new service offering is available immediately to Neonet clients in the EMEA region.


Media contacts:
Joacim Wiklander, CEO, Neonet Securities, Tel. +46 8 506 47 835
Christine Blinke, VP Marketing and Investor Relations, Orc Group, Tel. + 46 739 01 02 01

About Orc Group
Orc Group is a leading provider of technology and services for the global financial industry. Orc Group delivers trading and market access solutions that are used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.

The Orc Group serves customers through three business units, each with distinctive offerings:

  • Orc develops and provides the tools needed to run profitable trading and brokerage businesses.
  • Neonet is a global agency broker that offers professional market participants independent, high-speed execution services.
  • CameronTec is the financial industry’s leading provider of FIX infrastructure and connectivity solutions.

With market presence in all global financial centers, Orc Group provides sales and support services from its offices across the EMEA, Americas and Asia-Pacific regions.

Orc Group is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).

For additional information visit www.orc-group.com

 

 

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About Us

Orc is the global market leader in trading technology for listed derivatives. Building on our commitment to long term partnerships and technology innovation that delivers results, Orc serves the trading and electronic execution needs of clients worldwide. Leading trading firms, market makers, banks and brokers depend on Orc to provide robust solutions that deliver concrete value, ensuring that they achieve their business goals in the world's increasingly dynamic and competitive markets. With nearly 200 customer sites in more than 30 countries, access to over 150 trading venues and offices in each of the world's key financial centers, we offer true global capabilities. Combining our technology and financial industry expertise, including a solid understanding of regulatory issues, Orc also provides expert advice and services that help reduce complexity and cost, while enabling clients to stay focused on value creation in their core businesses. Orc is owned by Orc Group Holding AB which in turn is owned mainly by Nordic Capital Fund VII. www.orc-group.com

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