Neonet, the global agency broker and trading technology provider, today announces that Fim Bank Ltd will use Neonet's technology platform, Neonet XG, to access the Nordic markets.
Neonet's trading platform will be delivered as a fully managed service giving FIM access to NASDAQ OMX's new Nordic exchange system INET. In addition, Neonet will provide FIM with its leading Smart Order Routng (SOR) technology accessing the liquidity on the extensive number of new growing alternative markets (e.g. Burgundy, Chi-X). FIM will also leverage the new trading platform to consolidate and add access for their proprietary trading business.
Sebastian Wikström, Head of Capital Markets at FIM Bank Ltd states: "We chose Neonet due to their leading technology delivered as a fully managed service. To keep up with the regulatory and technology changes in the market we need a partner that is actively participating in this transformation. Neonet will provide us with a proven solution that we can tailor to fit our specific needs. The sophisticated Smart Order Router giving access to the liquidity venues will enhance our offering to our existing and future clients."
Simon Nathanson, President and CEO of Neonet, comments on today's announcement: "We are very pleased that FIM has chosen Neonet and our trading platform. We are focused on providing leading solutions and services to our clients in this rapidly changing market and the agreement with FIM confirms our leadership in providing solutions for Best Execution".