Neonet, the independent execution services provider, today announced that UB Securities Ltd has entered an Execution Service Provider agreement to increase execution quality throughout its business.
The solution will allow UB Securities, part of the Finland-based United Bankers group, to trade in their own membership on chosen markets and through Neonet access on all other major MTFs and primaries in Europe and the Americas. Smart Order Routing technology, alternative market access, and strict quality control will give improved execution quality for UB Securities' clients resulting in optimized prices at low cost.
Established in 1986, United Bankers is a privately held wealth management, fund management, investment banking and brokerage firm based in Helsinki. Throughout its history, United Bankers has focused on providing high quality brokerage services and personalized wealth management solutions.
"Looking at different alternatives, Neonet's Execution Services solution proved to be the best fit for us as it allows us to maintain membership on our primary markets, while at the same time giving us access to Neonet's execution quality and broad market access," says Patrick Anderson, Partner and CEO, United Bankers group. "In addition we find the Cost+ model to be more of a membership like setup where we pay actual costs plus a margin. Reducing our fixed cost, we will be able to meet current market conditions with more flexibility and efficiency."
"UB Securities choosing Neonet to help adjust to fluctuating volumes is another example of how our offering fits the new needs of Sell-Side firms to adjust their business model," says Petter Hedman, Sales Manager at Neonet. "By outsourcing their execution services to Neonet with access to Smart Order Routing Technology, UB Securities will be able to give their clients optimized prices at a low cost."