SimCorp connects Dimension platform to NeoNet

NeoNet, the neutral and independent agency broker for professional investors, and SimCorp, a provider of integrated software solutions to financial institutions and corporate treasuries, today announced a joint endeavour to offer financial institutions using SimCorp Dimension the ability to obtain direct market access trading via NeoNet's trading system.

By integrating the order management module of SimCorp Dimension with the NeoNet trading system, SimCorp clients can now, through a single FIX connection, benefit from access to trading on NeoNet's 16 connected European and US equity marketplaces. In addition to direct market access, clients will also soon be able to send orders to NeoNet's international trading desks.

"We are delighted to be able to offer clients using SimCorp software a streamlined and neutral trading service," said Simon Nathanson, CEO of NeoNet. "This cooperation with SimCorp further expands our distribution channels and satisfies a growing demand from clients for real-time consolidation of all their investment activities in one system."

"This collaboration with NeoNet demonstrates the flexibility of SimCorp Dimension and allows our clients to streamline the entire business investment process by handling all steps in the process within one integrated system - including execution of orders with external brokers through FIX based connections," said Michael H. Andersen, Senior Vice President at SimCorp. "We are happy to announce the co-operation with NeoNet, offering our clients added value through expanded straight through processing as a response to explicit client demands."