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Neonet algorithmic trading tech added to BME's Visual Trader

28 July 2014  |  3497 views  |  0 Source: Neonet

Neonet, the independent agency broker and execution specialist has extended the functionality of its interface with Visual Trader, Spain's leading trading platform, owned by Bolsas Y Mercados Españoles (BME).

The two companies have been working together for a number of years. This enhancement will enable Neonet clients to use the powerful execution algo suite and smart order router to maximize liquidity and access a wide range of regulated marketplaces across Europe and North America.

Tim Wildenberg, CEO Neonet commented “We are pleased to announce that our latest algorithmic trading functionality has been added to our existing DMA integration with Visual Trader. We now have our first Spanish client certified and in production and are looking forward to rolling this functionality out across the rest of our client base who use Visual Trader as their trading platform”.

Jose Parga, CEO Visual Trader added “the trades and orders sent by the algorithms will be integrated into Visual Trader’s OMS and terminals, so that users can monitor and manage them. In addition, Visual Trader’s Risk Management System will also oversee the models’ operations as if they were a trader’s.”

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