Neonet, the neutral provider of global direct market access brokerage services and trading technology, today announces that Öhman Fondkommission, the Nordic investment bank, will use Neonet's technology offering, Neonet XG, for their brokerage arm to facilitate Best Execution for their clients.
The solution will be delivered as a managed service by Neonet and will include Smart Order Routing technology, market access to the Primary markets and the new MTFs, consolidated European market data, algorithms for advanced trading and the front-end application Neonet XG Trader.
Commenting on today's announcement, Mats Carlsson, CEO of Öhman Fondkommission, said: "We have a very strong client focus at Öhman and we are always looking to give our clients the best possible service. The Nordic as well as the other European markets are going through a major shift with an increased competition between the traditional exchanges and the new MTFs. We want to bring the benefits of this shift to our clients. In Neonet we have found a leading provider of solutions for Best Execution."
Simon Nathanson, CEO of Neonet comments: "We are delighted that Öhman has chosen us as a full service provider combining our technology and Execution Services. We are committed to lead the way into the new European financial landscape and see Öhman's decision as a strong endorsement of our unique offering."
Neonet discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.