The two companies have been working together for a number of years. This enhancement will enable Neonet clients to use the powerful execution algo suite and smart order router to maximize liquidity and access a wide range of regulated marketplaces across Europe and North America.
Tim Wildenberg, CEO Neonet commented “We are pleased to announce that our latest algorithmic functionality has been added to our existing DMA integration with Visual Trader. We now have our first Spanish client certified and in production and are looking forward to rolling this functionality out across the rest of our client base who use Visual Trader as their trading platform”.
Jose Parga, CEO Visual Trader added “the trades and orders sent by the algorithms will be integrated into Visual Trader’s OMS and terminals, so that users can monitor and manage them. In addition, Visual Trader’s Risk Management System will also oversee the models’ operations as if they were a trader’s.”
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Neonet is an execution service provider that offers independent, flexible and transparent execution services, which significantly reduce the cost of trading for users. All trades are executed on regulated markets and Neonet does not engage in proprietary trading or any other financial activity that could result in any potential conflicts of interest. Neonet serves clients in over 20 countries.
The company was earlier listed but is currently privately owned by a consortium of owners including Hay Tor Capital LLP, KAS Bank N.V., Nordic Capital / Cidron Delphi Intressenter AB and Neonet management.
For more information, please go to www.neonet.com
About Visual Trader
Visual Trader Systems was set up in 1999 by BME (Bolsas y Mercados Españoles) to develop and operate order-routing systems and access solutions for financial entities.
Visual Trader Systems is currently Spain's leading platform. Using state-of-the art technology, it offers access to over 50 international markets and order-routing networks. With connections to hundreds of financial entities and brokers throughout the world to both send and receive orders, this platform is BME's response to ever-increasing globalisation. For more information, please go to www.visual-trader.com