Alternative trading system Brut has implemented an order routing link to Neovest's direct access dealing technology.
Neovest clients will be able to place orders in all major Nasdaq and US exchange-listed equities via Brut, and participate in the company's sponsorship programme. The programme allows buy-side clients to trade electronically via Brut, repatriate a portion of the commission dollars to a sponsoring broker of their choice, and retain value-added brokerage services.
Brian Hyndman, president of Brut, says: "The addition of Neovest as yet another point of access to Brut will only enhance our existing pool of liquidity and support our efforts to provide clients with the total trading solution."
Bryce Byers, CEO of Neovest, comments: "Through this partnership, our users will now have the benefit of more destinations when executing trades, as well as the increased liquidity and superior functionality that Brut provides."
Brut has also signed partnership agreements with Decalog, Eze Castle, Moxy, Macgregor, Bridge Trading and FlexTrade.