The service delivered by Neonet allows Banca Generali to trade on the domestic market through its own membership, integrated with Neonet's Smart Order Router (SOR), algorithms and connectivity, extending access to European Multilateral Trading Facilities (MTFs) and, if selected, exchange sponsored dark pools. The order was booked in Q4 2011.

Banca Generali was looking for a Smart Order Routing solution to trade on both the Italian MTA exchange, its primary execution venue, and on MTFs, thus ensuring Best Execution and MiFID compliance for its orders. The Neonet solution enables Banca Generali to continue trading in the domestic market through its own membership, offering full integration with their existing front-end and Order Management Systems.

"We are pleased to see that Banca Generali recognizes Neonet's abilities to deliver a service that seamlessly combines brokerage and technology, while allowing them to retain control of key trading parameters," said Joacim Wiklander, CEO of Neonet Securities AB. "Banca Generali's decision to expand execution beyond its primary market is significant, as it clearly displays the emergence of a new European trading landscape where Smart Order Routing is becoming a prerequisite not only for compliance, but also for competitiveness and client satisfaction."

"We identified a requirement to offer clients a comprehensive brokerage service that includes access to all sources of liquidity for Italian equities," said Carlo Talpo, Head of Trading at Banca Generali. "Neonet enables us to outsource SOR development and operations, while protecting our present technology investments and allowing us to maintain our membership and market share on the domestic exchange."